Boltzbit to raise £1.6 million in a seed round backed by Speedinvest and IQ Capital.

Boltzbit, a London, UK-based software startup developing an AI generative platform, announced securing seed money in a round closed at £1.6 million ($2.1M).

The money was raised from investors led by Speedinvest, with participation from IQ Capital.

Boltzbit, founded in 2020 by CEO Yichuan Zhang, Jinli Hu and Hanchen Xiong, developed a low code, generative AI service platform that allows enterprises to easily train and deploy deep generative models. The tool aims to help data scientists to dramatically speed up the prototyping of various neural network frameworks.