REG - Mindflair PLC - New investment by SVV2

MindflairAnnouncement

16/04/2025 11:15

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RNS Number : 3025F  Mindflair PLC  16 April 2025

16 April 2025

Mindflair plc

("Mindflair" or the "Company")

 

New investment by Sure Valley Ventures UK Software Technology Fund

 

Mindflair plc, the company investing in next-generation technology focused on
AI, is pleased to note the announcement by Sure Valley Ventures ("SVV") of a
new investment in Inephany Ltd ("Inephany") by the Sure Valley Ventures UK
Software Technology Fund ("SVV2") in which Mindflair has an investment.

Inephany, an AI optimisation startup, has closed a US$2.2 million pre-seed
funding round to accelerate development of its AI-powered optimisation
platform, which intends to revolutionise how neural networks-including Large
Language Models (LLMs)-are trained and fine-tuned. The round was led by
Amadeus Capital Partners, with participation from SVV and Professor Steve
Young, an AI pioneer and serial entrepreneur, who joins Inephany as both an
angel investor and Chairman.

As generative AI continues to develop, the computing and energy costs of
training cutting-edge models have emerged as a major bottleneck. Inephany
addresses this challenge with a novel AI-driven optimisation system that
intelligently controls the training process in real-time. Compared to
traditional approaches that rely on exhaustive trial-and-error optimisations,
Inephany's technology improves sample efficiency, accelerates training,
reduces overall development time, and enhances final model performance - all
while reducing computing costs.  This development has the potential to unlock
scalable, sustainable AI development that is significantly more
cost-effective.

While the company's initial focus is on training-time optimisation for LLMs,
its technology has broad applicability across the AI landscape - from
Recurrent Neural Networks used in financial time-series forecasting, to
Convolutional Neural Networks powering computer vision in autonomous
systems.  The company also has plans to expand its AI-powered optimisation
approach to inference time compute. By reducing the cost of training and
deploying these models, the Inephany team aims to democratise access to
advanced AI and accelerate innovation across industries.

Nicholas Lee, Director of Mindflair plc, commented:

"Generative AI is at the forefront the AI landscape and it is very exciting to
have a company like Inephany joining the Company's exciting AI focused
investment portfolio."

 

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

 Nicholas Lee, Director            Tel: +44 (0) 20 3368 8961
 Nominated Adviser                 Tel: +44 (0) 20 7213 0880

 Cairn Financial Advisers LLP

 Liam Murray/Ludovico Lazzaretti

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

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

 Duncan Vasey/Lucy Williams
 Joint broker                      Tel: +44 (0) 20 7601 6100

 Shard Capital Partners LLP

 Damon Heath

Notes to Editors

About Mindflair

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:
http://www.mindflair.tech/ (http://www.mindflair.tech/) .

About SVV

Sure Valley Ventures (www.surevalleyventures.com) ("SVV") is a venture capital
firm that invests in early-stage AI software companies in the UK and Ireland.
Investing in AI since the firm's inception in 2017, SVV has a strong track
record of accelerating the growth of private AI companies through to Series A
and beyond.

About Inephany

Inephany is a deep tech AI startup founded in July 2024 and based in London.
Its revolutionary foundation models are designed to optimize the performance,
efficiency, and adaptability of other AI systems. By rethinking how models
learn and evolve, Inephany is enabling a new era of faster, smarter, greener,
and more cost-effective AI training and deployment.

The Inephany team brings together world-class engineers, research scientists,
and entrepreneurs, united by a shared vision to push the boundaries of AI
through intelligent, system-level optimization.

 

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