A group of Romanian and English financiers invests 50.000 Euros through the business angels platform Growceanu in T-DAB.AI, a British deep tech company in a round worthing 600,000 Euros.
The investment will be used to accelerate the development of the OctaiPipe product, for sales and marketing.
T-DAB.AI is the developer of OctaiPipe, a decentralized artificial intelligence platform for the Internet of Things (IoT) powered industrial businesses.
The company was founded in 2016 by Dr. Eric Topham, CEO & Data Science Director and Paul Calver, CFO & Digital Manufacturing Director. Before this financing, it was valued at 5.8 million euros.
Starting in 2023, T-DAB.AI plans to open offices for support, engineering and sales in Romania, Austria and Germany.
The company has customers in the UK and Romania, and from 2023 aims to expand to other EU countries, especially Germany, Austria and Switzerland. Also, from 2025 the founders want to expand commercially in the US.