British AI startup Literal Labs secures €5.4 million in pre-Seed funding round to grow its engineering team and bring its first commercial product to market later in 2025.
Funding round led by Northern Gritstone and co-led by Mercuri, with participation from Sure Valley Ventures, Cambridge Future Tech SPV, and angel investors.
Literal Labs' logic-based AI models are faster, more energy-efficient, and explainable than neural networks, catering to companies with specific AI needs.
Founded in 2023, Literal Labs is inspired by Mikhail Tsetlin's work, achieving faster inferencing and lower energy consumption compared to traditional machine learning techniques.