Alchera Technologies, the Cambridge-founded AI and data company founded in 2016, raised £2.7m (~$3.4M) in seed funding led by Maven Capital Partners through the British Business Bank's South West Investment Fund with a £2m investment, with participation from the Baves Entrepreneurship Fund, The FSE Group, Innovate UK's Investor Partnership programme, and existing investor Cambridge Applied Research. Its platform, which combines transport and contextual data sources using proprietary machine learning to help local authorities and highways operators make road and bus network decisions, claims to reduce transport data analysis time from weeks to seconds, and counts Lancashire City Council and the City of York Council among its customers. The announcement did not disclose revenue, pipeline, employee count, or specific planned use of funds and expansion plans.