Cambridge-based Hiverge has reportedly raised $19.4 million toward a larger Series A expected to be announced within weeks. Sifted reported the financing on November 10, citing company filings, and named Plural as a backer.
The reported sum is nearly four times the $5 million seed Hiverge announced in September 2025, led by Flying Fish Ventures. At that time, the company was offering selected customers early access to Hive, its algorithm-discovery platform.
Hive helps engineers improve algorithms for tasks such as training AI models and planning logistics. Users supply existing code and performance targets; AI agents generate alternatives and test which work best. Hiverge says customers can run the system on their own infrastructure or in the cloud, using their choice of AI models.
Nvidia announced plans to invest in Hiverge on October 13. Their technical relationship predates that announcement: Hiverge said in March that Quantinuum researchers were using Hive to search for quantum algorithms, simulating candidates on Nvidia GPUs through AWS before validation on Quantinuum hardware.
Hiverge won both scalability tracks in the Beluga AI Challenge in September 2025, according to organizer TUPLES. The competition tested approaches to transport and assembly scheduling, with one track using fixed conditions and the other allowing uncertainty.