Purple Transform raised £4.5M in a funding round led by Mercia Ventures to enhance safety and security in rail data analytics.
Amount Raised
£4.5 Million
Round Type
Funding Round
OxfordSoftwareArtificial IntelligenceMachine LearningNatural Language Processinginformation technology & servicesInvestors
Description
Purple Transform, a UK-based AI rail data analytics business, has raised £4.5 million in a funding round led by Mercia Ventures via the Midlands Engine Investment Fund II. The company's platform helps identify and prevent incidents on railway lines by aggregating data from various sources and providing actionable insights.
Quick answer
Purple Transform raised £4.5 Million in a Funding Round round, dated September 12, 2024. Investors: Sure Valley Ventures and Mercia Ventures. Purple Transform is based in Oxford, England, United Kingdom.
- How much did Purple Transform raise?
- Purple Transform raised £4.5 Million in a Funding Round round on September 12, 2024.
- Who invested in Purple Transform?
- Sure Valley Ventures and Mercia Ventures are named as investors in this round.
- What does Purple Transform do?
- Purple Transform is an innovative developer of AI aiming to improve human outcomes through their industry-leading SiYtE platform.
- Where is Purple Transform based and how big is it?
- Purple Transform is based in Oxford, England, United Kingdom. Fundz records about 32 employees.
- Who are the decision-makers at Purple Transform?
- Fundz holds 1 contact at Purple Transform. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and information technology & services around the same time
Companies in the same sectors as Purple Transform that raised within 45 days of this round, from Fundz verified event records.
- Concentric AI raised $45M (Series B) on October 24, 2024.
- Genie AI raised $17M (Series A) on October 23, 2024.
- JigsawStack raised $500K (Pre-Seed) on October 16, 2024.
- Alchemyst AI raised $300K (Pre-Seed) on October 16, 2024.
- Data Science Wizards raised $1.4M (Seed) on October 15, 2024.
- Runware raised $3M (Seed) on October 7, 2024.
Who to call at Purple Transform, and when
A new round usually means Purple Transform is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Purple Transform raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Purple Transform, from your own LinkedIn network
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Related People
Purple Transform raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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