HomeFundingLondon-based TOffeeAM secures over €5.7 million to use AI to design a...

London-based TOffeeAM secures over €5.7 million to use AI to design a new generation of sustainable machines

AI can push the boundaries of engineering ingenuity, and now, TOffeeAM has raised €5.7 million to harness it to make super-green machines of the future. The London-based startup is now planning to scale globally, tapping into lucrative American and Asian markets.

The target of net zero isn’t just something that greentech and climate tech innovators are focused on. It’s something that is relevant and pertinent to each and every sector, and it’s being made possible with innovative tech developments. 

A spin-out from Imperial College London, TOffeeAM Limited is a company using AI to push the boundaries of sustainable engineering, using it to design super-green machines that can help leading engineering firms reduce their carbon footprint. Now, the startup has just raised over €5.7 million (£5 million) to scale. 

The details:

  • The Series A round was led by Presidio Ventures Europe and East Innovate
  • IQ Capital, who led ToffeeAM’s seed round, also participated
  • Additional participating names include US venture fund Type One Ventures, Italian investor Excellis, and sector veteran angel investors. 

Daniel Carew, Principal at IQ Capital, said: “From our initial investment back in 2019, we recognised the potential in TOffeeAM’s team and technology, and Francesco and his expert team have achieved 100x growth since our investment. Their understanding of both the end customer and technology is testament to the exciting innovations emerging from UK universities.”

Helping reach net zero with AI

Founded in 2019 by Marco Pietropaoli, Audrey Gaymann and Francesco Montomoli, TOffeeAM has developed AI software that replicates the work of highly trained human engineers, and takes it further – going faster, cheaper and with human-like levels of creativity.

Using machines to design machines means components – and whole systems – are now pushing the boundaries of performance once widely thought to be unachievable. Now, these boundaries also have to align with climate goals, and help push society towards net zero. Combined with the latest advanced manufacturing technologies, ToffeeAM’s hyper-efficient, lightweight, low-waste designs can drive large CO2 and pollution reductions while increasing reliability and overall performance. 

Rory Scott Russell from East Innovate, said:  “We are delighted to co-lead this investment alongside Presidio Ventures and to support TOffeeAM’s internationally recognised team as they begin the next stage of their growth journey. Looking for solutions to help businesses across all industries achieve net-zero is vital if we are to protect our planet for future generations.”

The software can also enable the wider use of sustainable fuels, the design of better batteries, the development of advanced nuclear technologies and other innovations needed for a sustainable future.

ToffeeAM’s AI software is used by some of the world’s leading engineering companies – including Boeing, Rolls-Royce, and several Formula One teams. The funding will allow the company to continue to scale its business globally with a focus on US and East Asian markets, while maintaining its headquarters in the UK.

Francesco Montomoli, CEO, said: “We are delighted to have received this investment from our funding partners, both new and old. This funding will give TOffeeAM the opportunity to scale globally and continue to help businesses across numerous industries to design innovative products.”

Patricia Allen
Patricia Allen
is the Head of Content at EU-Startups. With a background in politics, Patricia has a real passion for how shared ideas across communities and cultures can bring new initiatives and innovations for the future. She spends her time bringing you the latest news and updates of startups across Europe, and curating our social media.
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