a year ago

Iris.ai Raises €7.64M to Enhance its AI Engine for Scientific Research

  • Iris.ai, a UK-based company providing an AI engine for scientific text understanding, has secured €7.64 million in funding led by Silverline Capital

  • This investment follows a previous grant from the European Innovation Council (EIC) Accelerator Fund in January 2023

  • The funding will be used to enhance Iris.ai's AI engine, allowing it to better understand and analyze scientific research

  • This will enable organizations to gain actionable insights from scientific data more easily

  • The company plans to further develop its flagship offering, RSpace, which helps researchers measure the factual accuracy of AI outputs

  • This investment will support Iris.ai's growth and innovation in AI-assisted scientific research, contributing to a dynamic European AI ecosystem.

      • ProblemTechnology

      "Scientists are overwhelmed by the sheer volume of research being published, making it difficult to find the relevant information they need."

      Solution

      "Iris.ai has developed an AI engine that can understand scientific text and summarize key findings, making it easier for researchers to find the information they need and make better decisions."

      Covered on