Mindtrace secured $3 million in a round led by Skylake Capital, with participation from Bloc Ventures and Mercia Asset Management.

United Kingdom 22 February 2021

Mindtrace, a Manchester, UK-based software company, announced closing a $3 million capital funding round.

The money was raised from investors led by the London-based venture firm Skylake Capital and included contributions from Bloc Ventures and Mercia Asset Management.

Marcos Battisti will be joining the board together with Michael Dimelow from Bloc Ventures, complementing the existing board which includes, existing investor Ashwin Kumaraswamy from Mercia, Hoon Chung, Professor Steve Furber and Chairman Sir Hossein Yassaie FREng, FIET.

The funding will be used to accelerate the company’s product roadmap and bolster go-to-market capabilities, including strategic partnerships.

Mindtrace, founded in 2017 by Kamelia Dimova and Michael Denham and led by CEO Hoon Chung, developed a product called Brain-Sense, a brain-inspired AI software tool that enable enterprises to enhance end-product and service capabilities at a reduced cost.