Hull-based AI software business Think360 raised £100,000 in debt financing from NPIF II fund to support its growing workload.

Jan 30, 2025•11 months ago

Amount Raised

£100,000

Round Type

pre-seed

HessleMachine LearningArtificial IntelligenceSoftware

Investors

Npif Ii – Mercia Debt Finance

Description

Think360 has secured £100,000 from the NPIF II fund to provide additional working capital and expand its team. The funding follows recent contract wins and will enable the company to take on more projects and create three new jobs.

Company Information

Company

Think360

Location

Hessle, East Riding of Yorkshire, United Kingdom

About

Think360 is a Hull-based AI software business that has launched its own range of AI-powered software products since 2021. The company monitors cranes and industrial equipment and manages engineers in the field. Think360 has secured significant contracts and aims to expand its team with more projects and new hires. It currently employs six permanent staff and engages up to 22 independent contractors.

Related People

3 contacts

Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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