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Start-ups – Silicon Republic

Bloomberg: UK AI chips start-up Fractile could raise $600m AI chip start-up Etched raises $700m at $21bn valuation Gravis Robotics a Swiss unicorn after $200m raise Nvidia-backed CodeRabbit valued at $1.5bn after $143m funding round Sweden's Lovable valued at $13.3bn with Scaleup Europe Fund backing Coding start-up Cognition eyes $40bn valuation in new round - Bloomberg Irish co-founded legal-tech Wordsmith extends Series B to $84m Top Google minds quit to build AI that accelerates research AI cloud start-up Volta valued at $2.4bn, inks $10bn Anthropic deal Derry tech founder wins £75k Innovate UK Women in Innovation Award Finnish space-tech Iceye bags €300m from Scaleup Europe Fund EU’s $5bn Scaleup Europe Fund to begin backing companies Irish co-founded crop science start-up Wild Bio acquires F1 Seed FT: Germany’s The Exploration Company eyes $2bn valuation Irish co-founded agritech start-up Moa closes £22.2m Series C round Spain's Multiverse Computing raises $570m at $1.7bn valuation Samsung in talks to back France's Mistral at €20bn valuation - FT UK-based Humanoid secures $152m Series A funding Cambridge's CuspAI launches AI Materials Foundry, confirms $450m raise European start-ups have best quarter in four years, finds Crunchbase Munich-based fusion energy start-up Proxima raises €411m Limerick operations AI start-up WrxFlo raises €3m Jentic, Spryt, MenoPal among eight KPMG Global Tech Innovator nominees Dublin’s Everhaze secures €450k as AI assistant Lú launches in UK Dublin’s Pilot Photonics wins €10.4m EIC backing for photonic chip scale-up Open AI’s Sarah Friar among backers of Tapestry VC’s new ‘repeat founder’ $80m Fund III Cork medtech NeuroBell bags $5.5m for its AI neonatal monitor CroíValve adds $20m to Series B, taking round to $36m Irish space-tech Ubotica raises $11m to scale AI marine monitoring Ireland's TensorX bags €8m to build sovereign AI infrastructure
Irish co-founded AI start-up Lua raises $5.8m
Tim Barnwell · 2026-04-20 · via Start-ups – Silicon Republic

Lua co-founders Stefan Kruger and Lorcan O'Cathain. Image: Lua

The company said it will use the new funding to continue to build out its developer community and the ‘Lua Implementation Network’.

Irish co-founded and London-based agentic workforce AI start-up Lua raised $5.8m in funding last week (16 April) in a round led by Norrsken22.

The start-up has built an AI agent developer platform that it says enables customers the opportunity to build their own AI agents through collaboration, regardless of a team or organisation’s technical depth or skill.

The company said it will use the new funding to continue to build out its developer community and the ‘Lua Implementation Network’, which it said is a growing community of independent partners deploying Lua agentic workforces in their own markets around the world.

Other investors included Flourish Ventures, 20VC, P1 Ventures, Phosphor Capital and Y Combinator, along with angels such as Henri Stern, the CEO of Privy; Kaz Nejatian, the CEO of Opendoor; and Med Benmansour, the CEO of Nuitee.

“The companies that will win over the next few years are the ones that build their agent workforce with the same intentionality they bring to their human workforce,” said CEO and co-founder Lorcan O’Cathain.

“Most businesses are either blocked by technical complexity or locked into rigid tools that don’t reflect how their teams actually work.

“Lua is built on the opposite principle: teams own their agents, own their outcomes and build compounding efficiency over time.”

The platform is described as offering “an opinionated, full-stack agent platform” that is suitable for both technical and non-technical users, to run inside existing systems while “coordinating handoffs between agents and humans”.

In a LinkedIn post regarding the funding announcement, Lua said the number of agents on its platform had grown by 10 times during Q1.

Lua was founded in 2024 by O’Cathain and Stefan Kruger, who is the company’s CTO. The company said it “has been global since day one, deployed across emerging markets in Africa and Asia alongside customers in the US and Europe”.

The founders of Lua “fundamentally understand how agent and human workforces need to collaborate to get work done”, said Lexi Novitske, a general partner at Norrsken22.

Lua proposes solutions for customers in healthcare, financial services, retail, manufacturing and real estate. The integration of AI into the workforce and workplace is currently a topical issue for a variety of reasons.

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