Literal Labs Raises £4.6M in Pre-Seed Funding

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Here’s a summary of the relevant details about Literal Labs:

Startup Details

  • Startup Name: Literal Labs
  • Location: Newcastle, UK
  • Website: literal-labs.ai

Founders

  • CEO: Noel Hurley

Fundraise Details

  • Funding Series: Pre-Seed
  • Amount Raised: £4.6M
  • Date of Fundraise: 02/06/2025

Investors

  • Lead Investors:
    • Northern Gritstone
    • Mercuri
  • Participating Investors:
    • Sure Valley Ventures
    • Cambridge Future Tech SPV
    • Angel Investors

Purpose of Funds

  • To bring the first commercial product to market
  • To grow the engineering team
  • To further develop the vision for AI

Additional Information

  • Background: Literal Labs was spun out of Newcastle University and focuses on logic-based AI algorithms designed for companies needing more efficient AI solutions, particularly in regulated markets.

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2025-06-02 08:35:56