Embedd raises €2.3 million to build software infrastructure for physical AI
The London-based startup, founded by Ukrainian entrepreneurs, plans to develop its platform and expand work with semiconductor companies.
AfroEuropa Newsroom
AfroEuropa desk
Embedd, a London-based startup building infrastructure for physical AI, has raised €2.3 million ($2.7 million) in pre-Seed funding, according to EU-Startups. The company intends to use the capital to keep developing its platform and to broaden its work with semiconductor firms.
The round was led by Seedcamp, with participation from Cocoa, Connect Ventures, 2100 Ventures, Vesna Capital, U.ventures, Underline Ventures, Common Magic and Roosh Ventures.
Embedd was founded by Ukrainian technology entrepreneurs Michael Lazarenko, Maxim Gorinov and Valentin Gololobov. The founders started the company after their earlier hardware business was affected by chip shortages during COVID and later disrupted by Russia's invasion of Ukraine. Repeatedly forced to rewrite software for newly sourced components, they identified a bottleneck they expected to grow as AI expanded into physical systems.
Keep reading
Global Startup Awards Opens 12th Edition Applications for Early-Stage Founders
The Global Startup Awards has opened applications for its 12th edition, offering a free, equity-free route to recognition for early-stage startups.
Other highlights
Oppo Launches F35 Pro in India, No Confirmed Dates for African Markets
Oppo's F35 Pro debuted in India on October 5 with an 8,000mAh battery, while a broader Find X10 rollout is set for October 21.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
