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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
Dublin's Audrey AI closes $1.8m pre-seed funding round
Laura Varley · 2026-04-16 · via Start-ups – Silicon Republic

From left: David Burke and Ryan Loughran. Image: Audrey AI

The investment will fund growth across auditing and engineering, with expansion expected across Ireland and the UK.

Dublin-based start-up Audrey AI has announced the closure of a $1.8m pre-seed funding round, which was led by Sure Valley Ventures and Delta Partners. There was additional participation from Enterprise Ireland, former CEO of Calypso Donnchadh Casey, former CBO of Wayflyer Conor Jones, alongside former Big 4 auditors.

Established in 2025 by Ryan Loughran and David Burke, who met on the Founders programme at Dogpatch Labs, Audrey AI develops AI solutions for financial auditors. The AI-powered platform aims to automate the most time-consuming parts of financial audit engagements.

The organisation has stated that the newly secured funds will be put towards the expansion of Audrey AI’s specialist audit and engineering teams, as the company expands its reach across Ireland, the UK and “beyond”.

Commenting on the announcement, Loughran, who is also the company’s CEO, said: “Developers have Copilot, lawyers have Harvey, but auditors still primarily work in Excel. We’re building AI that understands auditing deeply enough to raise the bar on quality, not just speed, freeing auditors to focus on the judgement and oversight that matters most.” 

A number of Irish organisations operating within the artificial intelligence space have already announced major investments in April. Start-up Otel AI, which is building an AI platform for hotel managers, recently announced a raise of €2m, bringing the company’s total funding to date to €2.8m. 

E-commerce technology company Zellor raised €850,000 in its very first external funding round. The start-up, which is led by CEO Niall O’Sullivan, received backing from Enterprise Ireland and a number of strategic Irish investors.

Galway-based AI security software start-up Octostar, which also has offices in Italy and the UK, raised €6.1m in an extended seed funding round. 

Updated, 1.05pm, 16 April 2026: This article was amended to clarify Audrey AI’s expansion plans.

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