Sure Valley Ventures (SVV), a British software venture capital company, through the British software technology fund Sure Valley Ventures (SVV2) acquired shares in PHINXT Robotics and Vortex IQ Limited, affiliated with Mindflair Plc. This is reported in the Sure Valley press release.
The investments are aimed at supporting the activities of PHINXT and Vortex and promoting the companies to the US and European markets. The global market for mobile robots, according to analysts, will reach $16 billion by 2027.
PHINXT Robotics, an innovative software development company in the segment of robotics based on artificial intelligence, was founded in 2022. The PHINXT cloud platform simplifies robotic deployment and offers a flexible configuration model to increase business profits and productivity. In the long term, PHINXT plans to develop unmanned aerial vehicles and autonomous vehicles.
PHINXT has previously signed contracts with a major food retailer in the UK, and has ambitious plans to expand its presence in Europe.
Vortex IQ specializes in automation of e-commerce based on artificial intelligence. The Vortex platform provides practical information acquisition, coding, data backup and migration, taking into account the growing demand for AI automation.
Vortex IQ customers, including Nvidia, Harley Davidson and Krispy Kreme, have already taken advantage of Vortex IQ solutions based on the use of DevOps for artificial intelligence, which is being tested in the UK and Ireland. The global implementation of the platform is planned for the end of 2024.
Mindflair plc is a British investment company focused on AI technologies with significant growth potential. The company is engaged in the formation of an investment portfolio of high-tech enterprises for the development of artificial intelligence, the Internet of Things (IoT), cybersecurity, machine learning, immersive technologies and big data. The headquarters is located in London (England).
Sure Valley Ventures is a venture capital company specializing in supporting startups in the fields of software, artificial intelligence, immersive technologies, metaverse and security. Sure Valley provides funding and resources for companies that develop innovative technologies and solutions in various industries, including cybersecurity, environmental risk analysis and the Internet of Things. The headquarters is located in London (England).
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