# Oriole Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oriole-networks

- Industry: Internet
- Headquarters: London, UK
- Website: www.oriolenetworks.com
- Total disclosed funding: $34M
- Latest round: Series A (Aug 19, 2024)
- Investors on record: 6

## About

Based in London, US, and co-founded by James Regan (CEO), George Zervas (CTO), Alessandro Ottino, and Joshua Benjamin, in 2023, Oriole Networks Ltd, a spin-out of UCL, operates as a provider of a platform to enhance the performance of artificial intelligence (AI) systems and speed up the data centers. In March 2024, the firm raised GBP 10 million in seed funding co-led by investors UCL Technology Fund, Clean Growth Investment Management, XTX Ventures, and Dorilton Capital. The firm as of March 2024, has offices in London and Paignton.

The company through its solutions for AI systems and data centers supports the industry to meet the increasing demands of computational needs while prioritizing sustainability. Oriole Networks leverages technology that utilizes light to connect thousands of AI GPUs directly, resulting in significantly higher performance and reduced energy consumption. Their approach enables Large Language Models to be trained up to a hundred times faster while consuming minimal power, leading to a thousandth of the latency in machine learning algorithms. This advancement not only accelerates time-critical tasks such as algorithmic trading but also propels AI adoption and progress.

The company plans to utilize the March 2024 funding to support the development of its artificial intelligence.

## Funding rounds

- Series A, Aug 19, 2024, $23M — Dorilton Capital, XTX Ventures, Clean Growth Investment Management, UCL Technology Fund, Plural
- Seed, Jan 24, 2024, $11M — Innovate UK, Dorilton Capital, XTX Ventures, Clean Growth Investment Management, UCL Technology Fund

## Investors

- Innovate UK — Seed
- Dorilton Capital (https://capitalatlas.ai/funds/dorilton-capital) — Seed, Series A
- XTX Ventures (https://capitalatlas.ai/funds/xtx-ventures) — Seed, Series A
- Clean Growth Investment Management (https://capitalatlas.ai/funds/clean-growth-investment-management) — Seed, Series A
- UCL Technology Fund (https://capitalatlas.ai/funds/ucl-technology-fund) — Seed, Series A
- Plural (https://capitalatlas.ai/funds/plural) — Series A