University of Liverpool spinout's funding round headed by Foresight Group

SenseAI Secures Seed Funding, Partners with Experienced Investors

SenseAI, a University of Liverpool spinout founded in April 2024, has secured seed funding led by the Foresight Group. This funding will accelerate the product development and expansion of SenseAI's compressive sensing EM software to research and industrial customers in high-value sectors.

The software developed by SenseAI Vision is said to cut acquisition times by up to 100x and reduce beam damage, without the need for pre-trained AI models. This groundbreaking technology is currently being used by researchers at King's College London and CNR-IMM, reporting reduced consumables use, less beam damage, and improved results.

Professor Nigel Browning, SenseAI's chief scientific officer and head of EM at the University of Liverpool, is a key figure in the development of the technology. Browning, who has held senior research positions in the US and authored over 380 publications, is also the principal investigator for RUEDI, a £125m STFC-funded ultrafast electron microscope project.

Desmond Cheung, investment manager at Foresight Group, was impressed by Dan Somers, CEO of SenseAI, and Browning's background in electron microscopy and company building. Cheung, along with other investors such as Baltic Ventures, the University of Liverpool, Sivananthan Laboratories, Wren Capital, Haatch, LYVA Labs, and the Liverpool City Region Seed Fund, managed by AXM Venture Capital, bring value and synergies with many of their portfolio companies, which are already being exploited by SenseAI.

All investors are aligned with SenseAI's ambition and are believed to provide the best chances to realize its full potential. The funds will be used to further develop the software, addressing challenges in electron microscopy, which is widely used in semiconductors, life sciences, and materials research.

While other companies may face job cuts, SenseAI's growth is expected to create new opportunities. The partnership with experienced investors will undoubtedly contribute to the advancement of SenseAI Vision's technology, potentially revolutionizing the field of electron microscopy.