Company Size
1,001-5,000
Company Stage
N/A
Total Funding
$1.3B
Headquarters
London, United Kingdom
Founded
2011
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We are happy to share that our 5502 Fund just invested in Syn2core! Elise and Saman are building an AI co-pilot for frontline workers and starting with automotive assembly lines. Their system detects and prevents human errors in real time using smart glasses and cutting-edge neural networks. This has the potential to change the decade long paradigm of end-of-line checks in the manufacturing industry. Glad to be co-invested with Entrepreneurs First , Transpose Platform and Flex Capital on this one. 🔙🦴 #5502
Scarlet raises $50M Series B to accelerate AI medical device certification. Led by Headline, the funding will support the London-based company's expansion into the US and Asia-Pacific as it tackles lengthy certification processes for AI-powered medical devices. Scarlet, the certification body for AI and software medical devices, today announced a $50 million Series B led by Headline, with participation from new investor Notion Capital and existing investors Atomico, Creandum, Kindred Capital, and Entrepreneurs First. Nancy Xiao Mclaughlin, Partner at Headline, joins Scarlet's board. AI medical devices are being developed faster than certification bodies can review them. A company can train an AI diagnostic model in weeks and then wait 12 to 18 months for an assessment by experts, with another six to eight months of unnecessary delay for approval of a minor update, slowing down healthcare innovation. Scarlet is a government-designated certification body. Among the roughly 52 such organisations designated under the EU Medical Device Regulation, it is, according to the company, the only one that specialises in software and AI, and was truly built to enable AI's iterative development. Scarlet holds designations from the EU, the UK's MHRA, and the US FDA, where it is recognised as a Third Party Review Organisation. James Dewar and Jamie Cox founded Scarlet in London in 2021 after building AI medical devices at Babylon Health. The company spent its first three years working with regulators to obtain designation before issuing any certificates. Customers upload technical documentation to Scarlet's AI-enabled platform in any format. Qualified reviewers then assess the submission against relevant regulations and ultimately issue a certification decision, deciding whether the product can be released into the market or not. Customers are typically building devices that use cutting-edge AI such as LLMs and computer-vision models, and include consumer giants like Flo Health, who boast over 500 million downloads, US radiology behemoth DeepHealth, the UK's NHS England, cancer-detection AI company Skin Analytics, and AI Scribes such as Heidi Health and Tandem, who both recently announced nine-figure Series B fundraises. Scarlet also certifies the way AI products are actually built. Customers pay a subscription that covers ongoing surveillance, annual audits, and product changes. Because every assessment is consistent and every finding is evidenced, regulators can see the reasoning behind any certification decision at any time. "Scarlet has built a Notified Body for the AI world. The ability to release more rapid and frequent upgrades to our medical device ensures that our patients always have access to world-class care. We want to release upgrades to our medical device twice a month. We can with Scarlet," said Finn Stevenson, co-founder and CEO of Flok Health. "For every day that safe and effective medical technology is not available, someone's life takes a different course. Scarlet exists to solve this problem," said James Dewar, Scarlet's Co-founder & CEO. "We're building AI-native certification to help our customers bring cutting-edge innovation to patients around the world." "Scarlet helps regulation work with and for, not against, innovation. James and Jamie experienced the legacy certification process firsthand and decided to become the AI-native market enabler, starting with certifying AI and software as medical devices," said Nancy Xiao McLaughlin, Partner at Headline. "Scarlet has superpowers that seem at odds: they are fast, consistent, thorough, and rigorous. The team is devoted to its customers and takes seriously its mission to get life-saving technology to people faster. We're excited to lead the Series B and for everything ahead." The funding will support Scarlet's expansion in the United States and Asia-Pacific, growing its roster of expert AI reviewers and engineers, and expanding its certification offerings. Follow the developments in the technology world. What would you like us to deliver to you?
Flux Computing in the UK in a seed round backed by Octopus Ventures, Founder Collective, Entrepreneurs First, OpenOcean involving Olix with investors including Entrepreneur First, Founder Collective, Octopus Ventures. Nordic9.com tracks European startup funding, M&A and investor activity.
Y Combinator backs US AI startup ByteAsk in $1m round. ByteAsk, a startup based in San Francisco that builds AI coding agents for C and C++, said on September 24 that it raised US$1 million in pre-seed funding from Y Combinator, Entrepreneur First, and angel investors working at global quantitative trading firms. The startup said its code-verifying tool is designed for developers in mission-critical sectors, including defense, aerospace, finance, embedded systems, automotive, and semiconductors. ByteAsk was founded by Anirudha Kulkarni and Pratyush Saini, who previously co-founded LawSutra AI, a legal AI startup acquired by Manupatra, an Indian online legal research company. ByteAsk said it would use the funding to expand its engineering and research teams across San Francisco and Bengaluru. The company also plans to invest in graphics processing unit compute, training data, and security, privacy, and on-premises infrastructure for enterprise customers. ByteAsk also said it was selected for Y Combinator's Fall 2026 batch. Stay updated on the go with our mobile app. Get latest insights with smoother, more personalized experience through TIA mobile app. How would you feel if you could no longer use Tech in Asia? Share, tag us, and land on our Wall of!
Sovereign trend fuels Euro satellite action. Sep 15, 2026 * Europe is awash with satellite developments * UK firm Open Cosmos has raised €300m * SES and Elveo are accelerating their D2D plans for the region Blink for a moment and you might miss a satellite communications development, such is the welter of activity in the sector right now as direct-to-device (D2D), satellite broadband and the non-terrestrial network (NTN) component of 6G strategies attract strategic and financial attention, with the latest wave of news centring around the growing demand for sovereign connectivity services in Europe. Open Cosmos, the UK-based satellite firm that earlier this year launched a new space-based internet of things (IoT) service to provide governments and multinationals with real-time Earth observation data as "contextual intelligence", has raised €300m from a broad range of investors led by European firms Lightrock, ETF Partners, Institut Català de Finances (ICF), Entrepreneurs First and two major international pension funds, the company has announced. It will use the funds to expand its satellite mass manufacturing capabilities (the company also make satellites as part of its OpenOrbit operation) and "accelerate the delivery of intelligence and connectivity services" by expanding ConnectedCosmos, its low-earth orbit (LEO) constellation that offers sovereign broadband and IoT connectivity; OpenConstellation - its shared Earth observation (EO) satellite platform; and DataCosmos - its data platform that processes EO imagery and sensor data. In announcing its raise, the company has shared a telling statistic: As space becomes a "critical layer of sovereignty and strategic autonomy for both companies and governments", so investments are ramping up, with global space investment from venture capital firms reaching $11.3bn in the first six months of 2026, up from $10.1bn for the whole of 2025. Open Cosmos notes that "European governments are treating space systems as core infrastructure, investing in sovereign communications and EO capabilities to reduce reliance on non-European infrastructure and strengthen national and economic security. Governments increasingly need secure satellite communications, Earth observation and real-time operational intelligence without the cost and complexity of building independent space infrastructure. Over the past decade, Open Cosmos has developed the technology needed to create an intelligence layer around Earth where satellites observe, connect and work together to better understand the world." It adds: "For example, an OpenConstellation satellite could detect an unusual increase in temperature over a forest and use onboard AI to identify it as a potential fire. It then relays that intelligence via ConnectedCosmos directly to relevant users, including firefighters or aircraft in the area, even where terrestrial internet is unavailable. The system could task additional satellites and draw on terrestrial IoT sensors to provide further information and cross-check what is happening on the ground. If terrestrial communications were disrupted, ConnectedCosmos could also provide resilient 5G connectivity to teams responding to the emergency. By combining sensing, connectivity and AI into a single system, governments and enterprises can monitor, understand and respond to events on Earth in near real time." Rafel Jorda Siquier, founder and CEO of Open Cosmos, stated: "Space infrastructure is becoming as critical as energy, digital networks and transport. Governments and enterprises increasingly require secure communications and operational data delivered through resilient systems. But infrastructure alone isn't enough. The real value comes from the intelligence that relays what's happening on Earth in real time and the global connectivity to deliver it. By bringing together satellites, secure communications and AI-powered data services, we're creating a system that transforms information from orbit into something that governments and enterprises can act on. This investment allows us to accelerate that vision, satisfying the satellite manufacturing orders that governments and large companies are placing for our reliable and high-performance satellites and delivering the sovereign services the world needs." Meanwhile, European satellite operator SES has expanded its collaboration with Elveo Mobile, the joint venture of Lynk and Omnispace that is backed by SES, to "accelerate delivery of direct-to-device (D2D) services in Europe," it announced. "SES will leverage Elveo's patented, proven and cost-effective D2D technology to enable seamless mobile roaming capabilities for European consumers, businesses, governments, institutional, and defense users," the Luxembourg-based company added. SES and Elveo Mobile will team up to establish manufacturing capabilities and a supply chain in Europe for the production of LEO D2D satellites based on Elveo's "patented D2D satellite bus, payload and software technology stack". Those LEO D2D satellites will "form part of a unique multi-orbit architecture, combining Elveo's LEO D2D network with SES's geostationary (GEO) and medium-earth orbit (MEO) networks capable of delivering secure and reliable connectivity to European governments and institutions, including NATO. European customers also stand to benefit from SES's global distribution of Elveo's D2D services, which use Elveo's high-priority 2 GHz S-band spectrum rights and a global market access footprint currently covering more than 1 billion people," it added. However, no timeline was provided for the deployment of the LEO satellites or the availability of the Elveo-enabled D2D services, with SES's CEO Adel Al-Saleh stating only that "working with our partner Elveo will help bring critical D2D services to European customers on the timeline they demand." If they demand it next month, though, they'll be out of luck, or need to turn to Starlink Mobile, which is already providing D2D service connectivity to Virgin Media O2 in the UK, and next year they should also be able to tap into services provided by Satellite Connect Europe, the joint venture between Vodafone and AST SpaceMobile. - Ray Le Maistre, Editorial Director, TelecomTV AI-Native Telco Index: Our new report evaluates the AI-native progress of 56 telcos and identifies nine 'AI Vanguard' operators. Access the executive summary and find out how to access the full 276-page report.