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Riding the AI Wave with a $2.8M Boost from Cazoo and Depop Investor and More

London's very own TitanML has notched up a noteworthy achievement, raised an impressive $2.8 million in pre-seed funding
October 16, 2023

As the adoption of AI and Large Language Models (LLMs) grows exponentially, London-based AI company, TitanML, has secured $2.8M in pre-seed funding led by Octopus Ventures known for investing Cazoo, Depop, Elvie, WaveOptics, Flock, and Kita alongside deep tech-focused angel investors.

The investment round coincides with the public launch of Titan Takeoff, which makes LLM deployment significantly faster, cheaper and easier for machine learning teams.

In recent times, many businesses have been investing heavily in AI, but they struggle to return value from their investments. Machine learning teams are facing a whole host of problems in model deployment from GPU shortages, to concerns over privacy when deploying through third parties like OpenAI. TitanML transforms what was once the most challenging part of the development cycle into the easiest and most efficient one.

Founded in 2021, TitanML was born out of the postdoctoral research of both Dr. James Dborin and Dr. Fergus Finn, who explored deep learning training, compression, and inference optimization whilst at University College London (UCL). Together with Oxford alumnus, Meryem Arik, the trio transformed their expertise into enterprise-ready software which slashes the effort of both AI development and deployment.

TitanML has also secured key strategic partners including Intel and AWS, alongside a series of enterprise clients after demonstrating up to 90% reductions in compute costs and 20x latency improvements within just hours of deployment.

“We see so many businesses investing heavily in AI, but most struggle to return value from their investments. Machine learning teams are facing a whole host of problems in model deployment – from GPU shortages, to concerns over privacy when deploying through third parties like OpenAI. We’re transforming what was once the most challenging part of the development cycle into the easiest and most efficient, and it’s here where our flagship product, Takeoff, comes into its own”, said highlighted Meryem Arik, CEO & Co-Founder of TitanML.

Commenting on their investment in TitanML, Mat Munro of the Deep Tech Team at Octopus Ventures said: “We are very excited to be leading this round of investment and look forward to supporting the team as they take the next steps in empowering businesses with efficient model deployment.”

“We know that long term effective adoption of AI in businesses requires careful consideration of efficiency, scalability, and unit economics throughout the development process. In light of the GPU squeeze, the importance of resource efficiency is more pronounced than ever”, said Fergus Finn, CTO & Co-Founder of TitanML.

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