AI Start-Up Senseye Raises £3.5m led by MMC Ventures

Artificial intelligence start-up Senseye has raised £3.5 million in a Series A funding round led by MMC Ventures.

The Southampton-based firm enables industrial companies to predict the failure of machines months in advance, using machine learning algorithms fed with data from the Industrial Internet of Things.

The round was also supported by existing investors Breed Reply, IQ Capital and Momenta Partners.

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