REG - Mindflair PLC - Captur raises US$6 million

MindflairAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260311:nRSK1112Wa&default-theme=true

RNS Number : 1112W  Mindflair PLC  11 March 2026

 11 March 2026

Mindflair plc

("Mindflair" or the "Company")

 Captur raises US$6 million

 

Mindflair plc, the AIM-quoted company focused on investing in Artificial
Intelligence ("AI"), related technology is pleased to note that Captur has
announced the successful completion of a US$6 million seed funding round led
by Rally Ventures, with additional participation from existing investor Sure
Valley Ventures ("SVV"). Captur, is a portfolio company held within SVV's
second fund ("SVV2") in which Mindflair has an interest.

 

Captur is an AI infrastructure company for enterprise mobile applications that
instantly verifies user-submitted photos for quality and accuracy. The
company's technology runs directly on users' mobile devices, analysing images
in approximately 30 milliseconds without requiring an internet connection or
cloud-based inference. Captur currently processes tens of millions of images
monthly across delivery, mobility and e-commerce platforms.

 

The funding will be used to expand Captur's team and accelerate product
development as it scales its edge AI engine across additional industry
verticals, building on its traction in logistics, micro-mobility and retail.

 

Captur's platform is designed to solve what it describes as AI's "last-mile
problem" in real-world image capture. When companies require photographic
proof of an event or task - such as a delivery, a parked vehicle or a
completed inspection - the quality and usefulness of that image can be
critical. Captur addresses this by running computer vision models entirely
on-device, enabling real-time image verification and feedback before a user
completes a transaction.

 

The company states that its technology delivers human-level or better accuracy
across more than 6,000 mobile device types. By processing images on-device
rather than in the cloud, Captur aims to provide instant verification, flat
scaling costs and improved user experience.

 

Captur was founded by Charlotte Bax, Founder and Chief Executive Officer. As
part of the financing, Ben Fried, Venture Partner at Rally Ventures and former
Chief Information Officer of Google, will join Captur's Board of Directors.

 

Nicholas Lee, Director of Mindflair plc, commented: "Captur is addressing a
significant practical challenge in the deployment of AI in enterprise mobile
workflows. Its ability to deliver real-time, on-device image verification
across a broad range of handsets represents a compelling technical achievement
and a strong commercial proposition. We are pleased to see the company attract
the support of Rally Ventures and to secure this latest round of funding as it
continues to scale."

 

The Directors of the Company are responsible for the release of this
announcement. The person who arranged for the release of this information is
Nicholas Lee, a director of the Company.

 

 

Enquiries:

 

 Mindflair plc                                                                                                                                                                                                                                                Tel: +44 (0) 20 3368 8961

 Nicholas Lee, Director

 Nominated Adviser                                                                                                                                                                                                                                            Tel: +44 (0) 20 7213 0880

 Cairn Financial Advisers LLP

 Liam Murray / Ludovico Lazzaretti

 Joint Broker                                                                                                                                                                                                                                                 Tel: +44 (0) 20 7186 9950

 Shard Capital Partners LLP

 Damon Heath

 Joint Broker                                                                                                                                                                                                                                                 Tel: +44 (0) 20 7469 0935

 AlbR Capital Limited                                                                                                                                                                                                                                         Tel: +44 (0) 20 7469 0936

 Duncan Vasey/Lucy Williams

 

Notes to Editors

Mindflair plc (AIM: MFAI) is an investment company providing investors with
access to a portfolio of next generation technology businesses focused on AI
with significant growth potential. The Company is building an investment
portfolio of high-tech businesses focused on Artificial Intelligence, across
such areas as Internet of Things, Cyber Security, Machine Learning, Immersive
Technologies and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to increasing global
demand for development in these sectors. For further information, visit:
www.mindflair.tech (http://www.mindflair.tech)

Rally Ventures is a US venture capital firm focused exclusively on early-stage
business technology companies. According to its website, the firm invests in
sectors including AI/ML, cybersecurity, fintech and SaaS+, and has built a
nationwide portfolio since its founding in 2012. For more information please
visit: www.rallyventures.com (http://www.rallyventures.com)

 

Captur is an AI infrastructure company for enterprise mobile-apps that
instantly verifies user-submitted photos for quality and accuracy. Its
software runs machine learning models entirely on-device, enabling instant
image recognition and feedback within customers' apps without cloud inference.
For more information please visit: www.captur.ai (http://www.captur.ai)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCJMMRTMTMBBAF



            Copyright 2019 Regulatory News Service, all rights reserved