London's Isometric raises €34 million to scale certification platform for industrial markets
London-based startup Isometric has closed a €34 million Series A funding round to expand its AI certification platform in the industrial certification market, valued at €305 billion.
Isometric, a London-based startup, has announced the closing of a €34 million ($40 million) Series A funding round. The capital will be used to scale its AI-powered certification platform for industrial markets, which is estimated to be worth €305 billion ($350 billion).
The round was led by AVP, with participation from all existing institutional investors, including Lowercarbon Capital and Plural. Personal investment also came from Kleiner. Further details on the investment terms or specific development plans have not been disclosed.
Isometric's platform leverages artificial intelligence to automate industrial certification processes, enabling companies to perform compliance checks more efficiently and reduce the time required for product or process certification. The market potential is significant, as industrial certification is essential across many sectors, from manufacturing to energy.
This funding round is one of the largest of its kind in the European tech space recently, highlighting investor interest in AI solutions for traditional industries.
