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DeepNewz, mobile.
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UK-based AI data analytics company Purple Transform has raised £4.5 million in a funding round led by Mercia Ventures and Sure Valley Ventures. The investment aims to enhance rail safety by preventing theft, trespass, and antisocial behavior through the use of AI technology. Purple Transform's technology analyzes data from CCTV and IoT devices, and has already reduced cycle thefts by 72% in three months. The funding will help the company scale its technology across 900 cameras and sensors, creating new jobs in the process.
🚀 Purple Transform secures £4.5M funding! 🚀 Purple Transform's AI tech analyzes data from CCTV and IoT to boost rail safety and prevent crime. 📎 https://t.co/UugoxoWOsU - Reduced cycle thefts by 72% in 3 months. - Technology scales across 900 cameras and sensors. - New jobs…
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🇬🇧☁️ UK fintech Form3 (@Form3Cloud) secures $60M to revolutionise future of payments, led by British Patient Capital (@BPatientCap). https://t.co/ClBeHNNaK1 #tech #funding #news #UKtech #UKstartup #fintech
