With so much going on in the thriving London Tech ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in London Tech News for the week ending 26/10 featuring news for Phlyax Systems, Semble, and much, much more.
Oriole Networks – $22M
Oriole Networks, a photonics startup that is focused on reducing the energy footprint of machine learning processing in data centres, has raised $22M in Series A funding led by Plural. Founded by Alessandro Ottino, Georgios Zervas, James Regan,and Joshua Benjamin in 2023, Oriole Networks has now raised a total of $35M in reported equity funding.
Genie AI – $17.8M
Genie AI, an AI-powered legal assistant that helps with contract drafting, has raised $17.8M in Series A funding led by Google Ventures. Founded by Nitish Mutha and Rafie Faruq in 2017, Genie AI has now raised a total of £15.5M in reported equity funding.
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Semble – £10M
Semble, a practice management platform for healthcare, has raised £10M in Venture funding led by Octopus Ventures and Mercia Asset Management. Founded by Christoph Lippuner, Mikael Landau in 2017, Semble has now raised a total of $24.9M in reported equity funding.
Phylax Systems – $4.5M
Phylax Systems, a protocol for for crypto transactions that embeds a credible security layer into base layers , has raised $4.5M in funding according to a recent SEC filing. The filing indicates that the round comes from forty-six investors. Phylax Systems was founded by Odysseas Lamtzidis in 2024.
Awarded Software – $3.03M
Awarded Software, a platform that lets higher education institutions manage scholarships, has raised $3.03M in funding according to a recent SEC filing. The filing indicates that the total offering is for $3.5M and there were two investors in this close. Awarded Software was founded by Amaan Badruddin and Pranav Kunapuli in 2022.
