XTX Ventures

Congrats Aquis Exchange for the acquisition. #XTXportfolio #XTXVentures #Exit CC XTX Ventures

Today, iGent AI introduces Maestro, a revolutionary platform that brings engineering intelligence to software development. iGent AI is backed by £6.3M ($8M) from leading European investors including HV Capital, XTX Ventures, TwinPath, 10x Founders, and Dhyan, Maestro represents a quantum leap in how software is conceived, architected, and evolved.   At its core, Maestro embodies a vision where AI doesn't just assist in coding tasks but actively participates in the entire development lifecycle. This vision is born from the diverse experiences of co-founders Sean Ward and Martin Szummer, each of whom has pushed the boundaries of human-machine collaboration in their respective fields.   "Maestro transforms how we approach software engineering," explains Sean Ward, CEO and co-founder of iGent AI. "By combining sophisticated reasoning with adaptive autonomy, it enables developers to focus on the 'why' and 'what' of their systems, while maintaining sustained engineering intelligence across extended sessions. This ability to seamlessly transition between collaborative refinement and autonomous execution fundamentally changes what's possible in software development."   Martin Szummer, whose work on conversational AI at VocalIQ (later acquired by Apple) transformed how machines understand and respond to human intent, saw the potential for AI to engage in high-level design decisions. "What distinguishes Maestro is its mastery of the full spectrum of software engineering," Szummer notes. "It makes informed architectural choices, anticipates scalability challenges, and maintains consistency across extensive codebases."   Maestro has been instrumental in its own development, showcasing remarkable autonomous capabilities. Its unique adaptive autonomy allows seamless transitions between interactive collaboration and independent execution - from rapid iteration on sophisticated designs to sustained development sessions that deliver production-ready code. The implications extend beyond traditional development teams. Domain experts can now directly shape their software solutions, startup founders can accelerate from idea to implementation, and enterprise teams can focus on innovation rather than technical details. Legacy system maintenance becomes an opportunity for advancement rather than a burden, while comprehensive refactoring initiatives can be executed with confidence.   We're building a team as ambitious as our vision. If you're passionate about reshaping software development through intelligence, visit igent.ai/join-us to explore opportunities to join us in London.   For developers ready to experience this advancement firsthand, we're opening access to Maestro through our partner program. Whether you're creating innovative systems, reimagining existing code, or taking on architectural challenges, apply now at igent.ai to be among the first to leverage Maestro's capabilities.

European #NextGenerationComputing is starting a new era ⚡ We welcomed Jean-Noël Barrot, Minister of Europe and Foreign Affairs of #France, during the launch of the new Creative Destruction Lab stream: “This union between France and Germany, through this program, presents an opportunity to develop European sovereignty in new technologies.” Last week, teams from CDL-Berlin and CDL-Paris gathered in #Germany for our first in-person session with ventures and mentors. This new stream, supported by the Dieter Schwarz Foundation in collaboration with TUM Campus Heilbronn and Campus Founders, will be a key component of the partnership between France and Germany. Congratulations to all participating startups and to their incredible tech, and massive thanks to all the mentors who dedicated their time and energy to supporting them ❤️ And thanks to our partners from XTX Ventures and Capgemini Invent for joining the event! So glad for this successful collaboration between HEC Paris and HEC Paris - Innovation & Entrepreneurship Institute’s #DeepTech Center, and ESMT Berlin’s DEEP - Institute for Deep Tech Innovation. Thank you to the Ambassade de France en Allemagne for their invaluable support and facilitating these Franco-German interactions. (This session also sets the bar high for what a plenary session can look like 🏟 )

NEWS: London-based Oriole Networks, which says it has developed novel technology to help train AI faster, has raised £17.5m in a Series A round, according to Companies House filings. Ian Hogarth, partner at London-based VC firm Plural, was appointed as a director of the company the same day in August as new shares were issued, indicating that the investor was involved in the round. The startup is developing a new way to connect up graphic processing units (GPUs) — the chips used to train large generative AI models — using photonics, a technology that uses light to transmit computing information. Oriole says that its tech can increase the speed that information can travel by up to 100 times, alongside cutting energy consumption to 2-3% of the amount used by ethernet cables — the way information is traditionally transferred between GPUs. The company’s Series A comes just six months on from its £10m seed round. Backers in that round included XTX Ventures, the venture arm of algorithmic trading firm XTX, Clean Growth Fund, Dorilton Ventures and the UCL Technology Fund. Full story: https://lnkd.in/exDPGJCr

We're excited to announce that we have closed a $10mm Series B fundraise. 💵 This latest funding round was led by ETFS Capital with participation from existing investor XTX Ventures, and marks a huge milestone in the Cognitive Credit journey. Founder and CEO, Robert Slater, said: "With the digital evolution of credit now inevitable, we are pleased to have ETFS join our team given their deep experience in capital markets innovation. Building the best-in-class dataset for one of the world’s largest asset classes remains an ambitious task, and we are excited about the opportunities ahead of us.” Read more here: https://lnkd.in/dT-xC6ct #Credit #Bonds #FixedIncome #Fintech

London-based Logically, the leading company that builds AI to combat harmful online content at scale has announced the acquisition of Barcelona-based AI company Insikt AI 🇪🇸 💡 Lyric Jain, Founder and CEO of Logically, commented on the news: “We have followed Insikt’s innovative approach to building and perfecting its scientific methods and model accuracy for some time." Jennifer Woodard, Co-founder of Insikt AI, added: "By integrating our advanced AI technology and expertise into Logically’s products, we will deliver a significant information advantage to our customers.”

Delighted to support Qureight as they march ahead!