London VC firm invests in AI solution for industrial companies
QVentures, a Marylbone-based VC firm, has announced its latest investment in a Software-as-a-Service product called Smartia.
Smartia provides artificial intelligence (AI) solutions that connect and transform industrial data into actionable insights.
Robert Walsh, Managing Partner of QVentures, said: “We are proud to be supporting Smartia with this next stage of growth and are excited to be working alongside their experienced management team who have an excellent track record of both building and selling this type of software to market.”
Smartia’s Industrial Intelligence platform, MAIO, gives users the tools to do jobs faster, easier and more efficiently.
The platform combines edge computing, big data technology and AI-driven applications to provide a complete digital solution for the manufacturing and engineering industries.
The Bristol-based startup targets industrial SMEs and turns their data into insights to store and interpret in a secure and cost-effective manner.
Mauro Arruda, CEO at Smartia, added: "Working with QVentures has been an absolute pleasure, their experienced team of professionals are committed to delivering quality and excellence with our full aspirations in mind.
"As well as co-leading the round, we were also seeking a small number of investors to complete our round and they have delivered on point. QVentures have the clout to supercharge our growth and look forward to working closely with them."