Agxio Raises £2.1M for AI Expansion in UK, Targeting AI, Agritech, and Life Sciences
Agxio, a UK-based AI platform provider, has raised £2.1 million in a pre-Series A round. The company, founded in 2018 and led by CEO Dr. Stephen Christie, automates the roles of data scientists and machine learning engineers. The Development Bank of Wales is among the investors supporting Agxio's growth.
Agxio's platform has proven successful across various industries and use cases. With the new funds, the company plans to scale operations, enter new markets, and expand internationally. This includes targeting AI, Agritech, and life sciences markets.
Currently, Agxio is based at the Aberystwyth Innovation and Enterprise Campus and Cambridge Science Park. The company aims to revolutionize these sectors by automating complex data science and machine learning tasks.
Agxio's successful platform and recent funding round position it well for growth and expansion. With the support of investors like the Development Bank of Wales, the company is set to make strides in AI, Agritech, and life sciences markets.
