Edge intelligence software firm SWIM.AI announced $10 million in Series B funding led by Cambridge Innovation Capital plc, the Cambridge, UK-based builder of technology and healthcare companies, with a strategic investment from Arm. Existing investors Silver Creek Ventures and Harris Barton Asset Management also participated in the round. Andrew Williamson, investment director at CIC, and Damon Civin, principal data scientist at Arm, will also be joining the SWIM.AI Board of Directors.
SWIM.AI delivers edge intelligence software, which combines local data processing/analytics, edge computing, and machine learning to efficiently deliver real-time business insights from edge data on edge devices.
SWIM.AI plans to use the new funding to launch a Cambridge-based AI R&D center, to accelerate product development, and to expand sales and marketing into new verticals and geographies.