Key Takeaways
- Optalysys raises £21M in Series A funding to revolutionise conventional computing
- Lingotto and Northern Gritstone lead the investment.
- Optalysys operates within the Artificial Intelligence, Big Data, Computer Hardware and Machine Learning sectors.
- The powerful startup is located in Castleford, Wakefield, United Kingdom, Europe.
Castleford-based startup, Optalysys, has successfully raised £21 million in a recent Series A funding round. The tech company, which is working to solve the fundamental limitations of conventional computing, intends to use the proceeds to accelerate its ground-breaking endeavors in the fields of Artificial Intelligence, Big Data, Computer Hardware, and Machine Learning.
The funding round was presided by leading investors, Lingotto and Northern Gritstone, with participation from imec.xpand.
With this latest fundraising round, Optalysys has thus far raised a total of $32,665,363, increasing its capabilities to innovate on a global scale. Crunchbase records show that the firm has successfully completed a total of four funding rounds as of July 18, 2023.
This investment is not only a huge vote of confidence in both the innovative technology and the talented team behind Optalysys, but it also marks a significant year for the Wakefield-based startup. With its unique advancements in a dynamic industry, Optalysys is undeniably one to watch in the technology sphere.
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