Stanhope AI Secures £2.3M Seed Funding for Innovation
Stanhope AI, a London, UK-based company that is focused on applying neuroscience research to develop technology that allows machines to make decisions in a way that mimics human thought processes, recently announced that it has successfully raised £2.3M in Seed funding. The funding round was led by UCL Technology Fund, a UK-based fund that specializes in investing in deep tech startups, with participation from Creator Fund, MMC Ventures, Moonfire Ventures, and Rockmount Capital, as well as several angel investors. The company plans to use the funds to further expand its operations and continue its development efforts in the field of artificial intelligence.
Founded in 2021, Stanhope AI sets itself apart by utilizing cutting-edge neuroscience research to develop models that are capable of making decisions based on real-time data without the need for prior training.
Unlike traditional machine learning models that require extensive training on historical data, Stanhope's agentic AI models are designed to independently analyze and understand their environments in real-time, continuously refining their decision-making capabilities based on incoming data from onboard sensors. This unique approach allows the company to create AI systems that are more agile and adaptable to changing circumstances.
Stanhope AI originated as a spinout from University College London (UCL), with support from UCL Business. The company's founding team includes CEO Professor Rosalyn Moran, who previously served as the Deputy Director of King's Institute for Artificial Intelligence, Director Karl Friston, a renowned Professor at the UCL Queen Square Institute of Neurology, and Technical Advisor Dr. Biswa Sengupta, who is the Managing Director of AI and Cloud products at JP Morgan Chase. With a strong team and innovative technology, Stanhope AI is well-positioned to make significant advancements in the field of artificial intelligence and machine learning.
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