An AI robotics company has raised more than £8 million, including funding from Scottish Enterprise, to develop innovative technology.

Launchpad announced it has successfully concluded a Series A funding round, raising a total of 11 million US dollars, the equivalent of £8.2 million.

Launchpad is combining AI and advanced robotics to support critical automation strategies.

Its aim is for its technology to help companies build products faster, smarter, and more affordably.

The round was co-led by Lavrock Ventures and Squadra Ventures with participation from financial investors including the Scottish National Investment Bank, Ericsson Ventures, Lockheed Martin Ventures and Cox Exponential.

This is in addition to the 2.5 million dollars in grant funding previously awarded to Launchpad by

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