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Machine learning company Peroptyx raises €1.6 million

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Co Mayo-headquartered firm is chaired by Dr Dennis Jennings, one of the founding fathers of the internet

A Castlebar-based company chaired by one of the founding fathers of the internet, has announced a €1.6 million seed extension raise.

Peroptyx, a machine learning data provider for geospatial applications, intends to use the additional financing to double its Irish headcount and expand market reach to 25 countries. The raise, which brings total investment in the company to €3.6 million, comes on the back of a number of recent customer wins for Peroptyx’s combined technology ...

 

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