Luffy AI completes pre-seed funding to support its transformational research work

15 June 2020 | Client news

Luffy AI completes pre-seed funding to support its transformational research work

Luffy AI Ltd is currently developing software which they hope will revolutionise the way artificial intelligence is applied to robotics, industrial processes and a range of other sectors. In a major boost, Luffy AI has received over £200,000 pre-seed investment from the UK Innovation & Science Seed Fund.

The Oxford-based company – which only formed a year ago – now plans to use it to further develop their core software product. They will also be recruiting additional people to their research team.

Dr Matthew Carr, the firm’s CEO, said the investment was the next step in an exciting journey for the company. He said: ‘Luffy AI is developing a next generation neural network framework that will offer a significantly higher Capability per Watt than existing technologies. This will in turn enable new exciting applications in robotic motion control, industrial process optimisation and IoT devices.’

Luffy AI were supported in their investment process at every step by Harper James Solicitors. Dr Carr, who moved to the UK from Sydney, Australia six years ago, added: ‘I was very impressed at the service we received from Harper James and from Stephen Evans who worked closely with us during the process.As a relatively new company, having a legal services provider who could help us navigate through the process, was incredibly important.’

‘I was stunned at the low cost of the service given the value it provided us. It was great value for money. Having accessible legal services is so important for a start-up firm and Harper James offer that. We’ve now turned to Harper James to help us with some other services, including changes we’ve made to shareholders’ agreement contracts. I’d certainly encourage other start-ups to use them.’

Stephen Evans, a corporate lawyer at Harper James Solicitors, added: ‘It was a pleasure to work with Matthew and the team on this important funding round. I wish them every success and look forward to seeing the company go from strength to strength.’

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