LONDON: Sure Valley Ventures (SVV) has committed to two new investments through the Sure Valley Ventures UK Software Technology Fund (SVV2), benefiting PHINXT Robotics and Vortex IQ Limited, both of which have ties to Mindflair Plc.

PHINXT Robotics, an innovative AI-led robotics software company founded in 2022, is redefining warehouse automation.

Their cloud-based platform simplifies robotic deployments and offers a flexible subscription model. By leveraging edge technology, PHINXT significantly reduces setup complexity, leading to increased profits and productivity for businesses.

The company has already secured contracts, including a major UK grocery retailer, and has ambitious plans to expand into Europe.

With the global mobile robot market projected to reach $16 billion by 2027, PHINXT’s long-term vision extends to delivery drones and autonomous vehicles.

Vortex IQ, another recipient of SVV’s investment, focuses on AI-powered automation for e-commerce. Their platform provides actionable insights and seamless implementation, enhancing efficiency and Customer Lifetime Value.

Vortex IQ’s tools cover staging, coding, data backup, and migration, addressing the growing demand for intelligent automation.

The recent funding will support their expansion into the US and European markets, boost sales and marketing efforts, and facilitate hiring of AI specialists.

Notable clients, including Nvidia, Harley Davidson, and Krispy Kreme, have already embraced Vortex IQ’s solutions. The company’s new AI DevOps tool is being piloted in the UK and Ireland, with a global rollout planned by the end of 2024.

Nicholas Lee, Director of Mindflair, expressed enthusiasm about SVV’s investments, stating, “PHINXT Robotics and Vortex IQ are both at the forefront of their respective fields. These investments further develop our AI-focused portfolio, supporting innovation.”