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Loc.ai raises £1m to cut rising cloud costs for businesses

Published: April 27, 2026 at 9:38 am

DeepTech startup Loc.ai has raised £1 million in pre-seed funding, led by Fuel Ventures.

Developing off-cloud AI infrastructure, Loc.ai directly addresses a critical issue threatening AI scalability: the escalating costs and privacy concerns driven by cloud-based inference.

The startup was part of the Google for Startups Accelerator 2025’s initial cohort.

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