HIVE

HIVE, a London-headquartered physical AI company focused on developing an intelligence layer for industrial machines, has successfully closed a £11.2 million seed funding round to accelerate its platform development and market expansion.

Summary of transaction details:

• Value: £11.2 million
• Sector: DeepTech & AI
• Advisor: Not disclosed
• Key Entities: Target: HIVE; Lead Investor: SuperSeed; Other Investors: Veriten, Skyfall, Nysnø, Børge Hald, Jørn Lyseggen
• Location: London (HQ), Norway, with US expansion underway

Note: This significant seed investment will enable HIVE to expand its founding team with AI and robotics talent, further scale commercial deployments, and advance its mission to make productivity limitless by unifying machine operations through its 'silicon brain' technology for industrial machines.