The London based KultraLab has received more than £2m for the Scottish investment syndicate Kelvin Capital & Scottish Enterprise.
The plans will create up to 25 new jobs.
The new office which will be a ‘product hub’ will include engineers and product developers to support plans to provide it’s AI behavioural change platform.
The company founder and chief executive of KultraLab, Steve Baggi said: “We have a number of major advantages: everything we do is driven by science, and we focus closely on the consumer sector, where we have extensive and long-standing connections.
“With our new funding we are well placed to reach scale very quickly.”
Mark Hallan, director of global investment at Scottish Enterprise, said: “The decision by KultraLab to open an engineering hub in Edinburgh underlines just why so many innovative companies choose to grow in Scotland.
“KultraLab was attracted to Scotland due to our incredibly talented workforce and world-class universities – alongside the supportive business environment, this is what makes Scotland stand out from the rest of the crowd.”
This investment is excellent news for the Scottish tech sector which is showing incredible growth.
Liquorish continue to to support the sector by providing the very best candidates to the industry.
