Tech Company Financing Transactions
Literal Labs Funding Round
On 6/2/2025, Literal Labs raised $6 million in Seed investment from Mercuri, Northern Gritstone and Sure Valley Ventures.
Transaction Overview
Company Name
Announced On
6/2/2025
Transaction Type
Venture Equity
Amount
$5,960,000
Round
Seed
Investors
Proceeds Purpose
Literal Labs is Northern Gritstone's first investment linked to Newcastle University, renowned for its technology-related research. We are excited to back Literal Labs as it redefines AI with a radically efficient alternative to existing neural networks. The team, combining deep research expertise and proven industry leadership, is uniquely positioned to commercialise this innovation.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
3rd Floor Maybrook House 27-35 Grainger Street
Newcastle upon Tyne, NE1 5JE
UK
Newcastle upon Tyne, NE1 5JE
UK
Phone
Undisclosed
Website
Email Address
Overview
Literal Labs is a UK-based AI startup that leverages logic-based techniques to develop AI models that are faster, more energy-efficient, and more explainable than traditional neural networks. Their models utilize propositional logic, binarisation, and Tsetlin Machines to achieve up to 250× faster performance and 52× lower energy consumption, making them ideal for edge and on-device applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Noel Hurley
Chief Technical Officer
Leon Fedden
Co-Founder
Professor Yakovlev
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