Sagittal AI Raises £1.7m to Transform Software Development
Deal News | Apr 07, 2025 | Business Cloud
Sagittal AI, a London-based firm that focuses on adapting artificial intelligence to human workflows, has raised £1.7 million in pre-seed funding. The company's solution, Neo, is designed to integrate seamlessly into existing software development processes rather than requiring developers to adapt to AI-driven systems. Neo is already being utilized by developer teams at Telefónica and various financial services and telecom firms across Europe. The funding round was led by Twin Path Ventures with contributions from SineWave Ventures, Fuel Ventures, Blue Lake VC, and angel investor Husayn Kassai. Neo aims to streamline development tasks by providing rapid implementation and integration across the entire development lifecycle. CEO Michael Smith emphasizes that Sagittal AI's approach overcomes psychological barriers to AI adoption by enhancing rather than replacing existing workflows.
Sectors
- Artificial Intelligence
- Software Development
- Venture Capital
- Telecommunications
- Financial Services
Geography
- United Kingdom – The primary location of Sagittal AI, which is based in London.
- Europe – Mention of various European telecom and financial services firms using Sagittal AI's product.
Industry
- Artificial Intelligence – The article highlights Sagittal AI's focus on developing AI solutions that integrate into human workflows.
- Software Development – Sagittal AI's product Neo aims to enhance software development processes by integrating AI.
- Venture Capital – The article discusses a funding round led by multiple venture capital firms for Sagittal AI.
- Telecommunications – Neo is utilized by developer teams at Telefónica and other telecom companies.
- Financial Services – The article mentions the use of Sagittal AI's solutions within financial services firms.
Financials
- £1.7 million – Pre-seed funding raised by Sagittal AI to expand its AI solutions.
- 200,000+ – Amount crowdfunded by an unnamed Apple & Garmin rival mentioned at the end of the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sagittal AI | Target company | Company | A company adapting AI to human workflows through its solution Neo. |
| Twin Path Ventures | Lead investor | Company | Venture capital firm leading the funding round for Sagittal AI. |
| SineWave Ventures | Investor | Company | Venture capital firm participating in the funding round for Sagittal AI. |
| Fuel Ventures | Investor | Company | Venture capital firm participating in the funding round for Sagittal AI. |
| Blue Lake VC | Investor | Company | Venture capital firm participating in the funding round for Sagittal AI. |
| Husayn Kassai | Angel investor | Person | Founder of Onfido and Quench AI, participating as an angel investor in the funding round. |
| Telefónica | User | Company | A telecom company using Sagittal AI's solution Neo. |
| Michael Smith | CEO and co-founder of Sagittal AI | Person | Describes the rationale behind Sagittal AI's approach to AI integration. |
| John Spindler | Partner at Twin Path Ventures | Person | Explains the rationale for Twin Path Ventures' investment in Sagittal AI. |