ThirdEye closes £2 million funding round

ThirdEye closes £2 million funding round

European VC firm Octopus Ventures and retail and consumer sector investor, True, have participated in a £2 million funding round for ThirdEye, an AI-driven security platform for retailers. Original seed investor Episode 1 Ventures also took part in the round.

Raz Ghafoor, ThirdEye’s Founder, says: “After years of hard work from our team and strong encouragement from our early customers, we're excited to take on this scale-up capital to grow ThirdEye and help fulfil our vision for the AI augmented store of the future. We're particularly proud that we've convinced Octopus Ventures and True, two of the best names in UK VC, to support us on our journey.”

Oksana Stowe, True’s Growth Principal comments: “We’re excited to have invested in a machine learning platform with the potential to save the retail industry millions of pounds. We believe traditional bricks and mortar is transitioning to being experience-led, and ThirdEye is uniquely positioned to support continued activity on the High Street and play a significant role in shaping the technological make-up of stores. We look forward to introducing ThirdEye to our extensive network of global retailers and supporting the team’s growth plans.”

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