Scotland’s tech showcase partners with European Tech Tour
Summary
The event will spotlight more than 30 exceptional companies from across Europe and Scotland, selected from a competitive pool of applicants by a panel of active investors through a collaborative scouting and review process. University of Edinburgh fintech startup Aveni.AI was part of the EIE cohort 2019, and has since gone to raise £18 million in investment for its large language models (LLMs) and AI products for the financial services industry. Aveni co-founder Dr Lexi Birch, of Edinburgh’s School of Informatics, said: “Our recent Series A investment was one of the largest achieved in Scotland in 2024. A core part of that investment was to focus on the development of specific AI models, achievable because of the access we have to the world-leading knowledge and skills found in Scotland. Scottish university tech research is at a pivotal moment, demonstrating unprecedented innovation and potential in areas such as quantum, artificial intelligence, and renewable energy.