TG0, a London-based developer of AI-powered human-machine interfaces, announced it has raised €2.3 million from NetMind, an AI solutions company dedicated to advancing the field of Artificial General Intelligence (AGI).
This investment was finalised in Q4 of 2023, closing the round, but is being announced by the two companies now in line with their strategic partnership. TG0 will be seeking a new round of investment later this year.
This investment has been identified by NetMind’s in-house AI experts and research team who work at the forefront of AI development. TG0 is accelerating the creation of customisable AI-embedded products that can adapt to a user’s physical needs in real time, while being easily accessed via, and powered by, NetMind’s low cost hardware and cloud-computing platform.
With this financial injection, TG0 (whose clients include: ZWIFT, Novares, Italdesign, Dashine, AIRBUS, Futaba) will be able to rapidly scale their tech and product development (with products such as smart pressure sensing insoles, and prosthetics).
TG0’s CTO and Co-Founder, Liucheng Guo, commented: “It’s a thrill to work with a company who places such a premium on innovation. NetMind’s decentralised processing and relatively low cost mean that at TG0 we’re able to focus on what we do best: building the future piece by piece.”
This investment catalyses TG0’s ability to harness their patented technology to create touch-sensitive, pressure-responsive materials. These enable designers and manufacturers across a variety of industries (including consumer electronics, automotive, healthcare, audio, gaming, and fitness) to reimagine their products, creating smarter and more sustainable solutions, and user-centric experiences.
NetMind CEO and Co-Founder, Kai Zou, added: “With the investment, and access to NetMind’s state-of-the-art AI frameworks, we can’t wait to see what TG0 will do with their game-changing tech. As the physical and digital spaces increasingly collide, we believe at NetMind that TG0’s work will ensure that these vital technologies are as inclusive, accessible and powerful as possible.”
By collaborating with NetMind, TG0 will see the expedited development of AI-embedded products that are fully customisable and capable of adapting to users’ needs in real-time. NetMind, too, will see NetMind’s own AI solutions offered on the TG0 platform.
TG0 and NetMind’s research and product teams will work together on co-developing AI solutions and combining their resources to advance AI research.
