Lithuanian business-to-business data tech and AI startup Spike has successfully closed its oversubscribed $3.5 million seed funding to accelerate growth, develop new products, and incorporate generative AI into health and fitness applications. According to the company’s announcement reported by EU-Startups on Tuesday, June 4, 2024, the seed funding round was spear-headed by Practica Capital and Spike Technologies will use the additional capital to scale the business and develop new AI-backed solutions for the fitness and health sectors.
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