Better Futures Secures €500K in Funding to Drive AI Innovation in Engineering and Manufacturing
July 2, 2024, 9:46 pm
Better Futures
Total raised: $535.33K
In a groundbreaking move, Better Futures, an early-stage artificial intelligence (AI) startup based in Dublin, Ireland, has successfully raised €500,000 in Pre-Seed funding to propel its revolutionary AI assistant, EVA, into the forefront of the engineering and manufacturing industries. Spearheaded by the visionary CEO and Founder, Anthony Mc Loughlin, Better Futures is set to transform the way engineers and manufacturers operate by harnessing the power of AI technology.
With a mission to accelerate the adoption of AI in engineering and manufacturing, Better Futures combines the expertise of data science, rocket science, and business development to assist industry giants such as Airbus, Mercedes, and Rolls Royce in embracing generative design, advanced analytics, and AI-driven solutions. EVA, the flagship AI Assistant and Platform developed by Better Futures, empowers engineers to identify tailor-fit AI use cases and swiftly deploy AI assistants to access critical data and knowledge from their organizations in real-time and within context, ultimately saving valuable time and resources.
The recent funding round, backed by undisclosed angel investors, marks a significant milestone for Better Futures as it paves the way for the accelerated rollout of EVA and the expansion of the company's reach in key markets. Anthony Mc Loughlin, a seasoned professional with over 15 years of experience in data science, rocket science, and business development, envisions a future where AI adoption in engineering and manufacturing leads to a tenfold reduction in lead times, costs, and associated risks.
EVA, the Engineering Virtual Assistant developed by Better Futures, leverages cutting-edge technologies such as Large Language Models (LLMs) and GPT technology to overcome the high entry costs traditionally associated with AI adoption. By streamlining the process of identifying AI use cases and deploying AI assistants in real-time, EVA aims to bridge the gap for engineers and manufacturers seeking to integrate AI into their complex ecosystems of expert knowledge, regulations, data, and IT systems.
Mc Loughlin's ambitious plans for Better Futures extend beyond the initial markets of Ireland, the UK, and Germany, as he sets his sights on establishing the company as a global leader in AI-driven solutions for engineering and manufacturing. With a strategic roadmap that includes a forthcoming seed funding round later in the year, Better Futures is poised to revolutionize the industry by bringing scale and acceleration to the adoption of AI technology.
In a statement regarding the significance of AI adoption in manufacturing and engineering, Mc Loughlin emphasized the critical importance of driving innovation in these sectors. He highlighted the transformative potential of LLMs and GPT breakthroughs in overcoming barriers to AI adoption and propelling the industry forward towards a future of enhanced efficiency and productivity.
As Better Futures continues to push the boundaries of AI innovation, EVA stands as a testament to the company's commitment to empowering engineers and manufacturers with cutting-edge technology. By offering EVA for free on the Better Futures website, Mc Loughlin and his team are democratizing access to AI solutions and paving the way for a new era of efficiency and effectiveness in engineering and manufacturing.
With the successful funding round fueling their momentum, Better Futures is poised to lead the charge in revolutionizing the engineering and manufacturing landscape through the power of AI technology. As industry leaders and innovators take note of the transformative potential of EVA, the future of engineering and manufacturing is set to be reshaped by the visionary work of Better Futures.
With a mission to accelerate the adoption of AI in engineering and manufacturing, Better Futures combines the expertise of data science, rocket science, and business development to assist industry giants such as Airbus, Mercedes, and Rolls Royce in embracing generative design, advanced analytics, and AI-driven solutions. EVA, the flagship AI Assistant and Platform developed by Better Futures, empowers engineers to identify tailor-fit AI use cases and swiftly deploy AI assistants to access critical data and knowledge from their organizations in real-time and within context, ultimately saving valuable time and resources.
The recent funding round, backed by undisclosed angel investors, marks a significant milestone for Better Futures as it paves the way for the accelerated rollout of EVA and the expansion of the company's reach in key markets. Anthony Mc Loughlin, a seasoned professional with over 15 years of experience in data science, rocket science, and business development, envisions a future where AI adoption in engineering and manufacturing leads to a tenfold reduction in lead times, costs, and associated risks.
EVA, the Engineering Virtual Assistant developed by Better Futures, leverages cutting-edge technologies such as Large Language Models (LLMs) and GPT technology to overcome the high entry costs traditionally associated with AI adoption. By streamlining the process of identifying AI use cases and deploying AI assistants in real-time, EVA aims to bridge the gap for engineers and manufacturers seeking to integrate AI into their complex ecosystems of expert knowledge, regulations, data, and IT systems.
Mc Loughlin's ambitious plans for Better Futures extend beyond the initial markets of Ireland, the UK, and Germany, as he sets his sights on establishing the company as a global leader in AI-driven solutions for engineering and manufacturing. With a strategic roadmap that includes a forthcoming seed funding round later in the year, Better Futures is poised to revolutionize the industry by bringing scale and acceleration to the adoption of AI technology.
In a statement regarding the significance of AI adoption in manufacturing and engineering, Mc Loughlin emphasized the critical importance of driving innovation in these sectors. He highlighted the transformative potential of LLMs and GPT breakthroughs in overcoming barriers to AI adoption and propelling the industry forward towards a future of enhanced efficiency and productivity.
As Better Futures continues to push the boundaries of AI innovation, EVA stands as a testament to the company's commitment to empowering engineers and manufacturers with cutting-edge technology. By offering EVA for free on the Better Futures website, Mc Loughlin and his team are democratizing access to AI solutions and paving the way for a new era of efficiency and effectiveness in engineering and manufacturing.
With the successful funding round fueling their momentum, Better Futures is poised to lead the charge in revolutionizing the engineering and manufacturing landscape through the power of AI technology. As industry leaders and innovators take note of the transformative potential of EVA, the future of engineering and manufacturing is set to be reshaped by the visionary work of Better Futures.