Tranport data specialist Alchera raises £2.7M

A Cambridge-founded startup that leverages AI to help cities manage roads and public transport more efficiently has raised £2.7m in seed funding, it said today. Alchera Technologies has raised the funds from Maven Capital Partners through the British Business Bank’s South West Investment Fund, which led the round with a £2m investment. Other investors include the Baves Entrepreneurship Fund and The FSE Group, with funding also from Innovate UK’s Investor Partnership programme.