Gigaton

Gigaton, a pioneering company developing autonomous, self-learning AI control software for energy-intensive industries, has successfully secured £19.3m ($26m) in a Series A funding round.

Summary of transaction details:

• Value: £19.3 million (Series A)
• Sector: DeepTech & AI (Industrial Automation)
• Advisor: Not specified
• Key Entities: Gigaton (Target), Plural (Lead Investor), 2150, Semapa Next, Planet A Ventures, Cambridge Enterprise Ventures, UCL Technology Fund, Clean Growth Fund (Participating Investors)
• Location: Not specified

Note: This investment will fuel Gigaton's expansion, including a five-fold increase in its team and a strategic entry into steel, glass, and chemicals sectors, addressing the critical need for advanced AI infrastructure to combat soaring energy costs and operational complexities in traditional industries.