Route Konnect drives ambitious growth plans £780,000 pre-seed investment
A £780,000 (US$1M) pre-seed equity investment in Cardiff AI software company Route Konnect is set to revolutionise the way the world understands people and vehicle movement, abolishing the need for controversial facial recognition technology, in a deal advised on by the GS Verde Group.
Led by the Development Bank of Wales, the investment round will support Route Konnect’s growth ambitions by doubling the team with key technical and business operations hires, in order to bring the platform to market.