{"id":17745,"date":"2025-07-23T11:15:10","date_gmt":"2025-07-23T11:15:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/17745\/"},"modified":"2025-07-23T11:15:10","modified_gmt":"2025-07-23T11:15:10","slug":"irish-18-year-olds-ai-startup-raises-e1-2m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/17745\/","title":{"rendered":"Irish 18-year-old&#8217;s AI startup raises \u20ac1.2m"},"content":{"rendered":"<p>An AI startup co-founded by Irish 18-year-old Liam Fuller has secured \u20ac1.2 million in pre-seed funding.<\/p>\n<p>Mr Fuller&#8217;s company, Source, is a platform that automates stock purchasing for retailers using agentic AI.<\/p>\n<p>The funding round was led by Australian VC Square Peg, alongside former Stripe CTO David Singleton and the Xtripe angel syndicate.<\/p>\n<p>Mr Fuller is the CEO and co-founder of Source and is Square Peg\u2019s youngest portfolio founder to date.<\/p>\n<p>He has now left school to build Source full-time.<\/p>\n<p>&#8220;I was shocked to find that most businesses, especially retailers, still rely on email and Excel to buy hundreds of thousands of dollars\u2019 worth of stock every week,&#8221; Mr Fuller said.<\/p>\n<p>&#8220;Source provides a simple interface allowing retail buyers to understand what they should buy and when by integrating into Excel, email and ERPs (Enterprise Resource Planning).&#8221;<\/p>\n<p>&#8220;Source scans inventory and past sales data to generate forecasts and suggest purchase orders with AI that humans can edit and approve with a single click,&#8221; he added.<\/p>\n<p alt=\"Irish 18-year-old's AI startup raises \u20ac1.2m\" class=\"tpe\" data-description=\"Liam Fuller, co-founder of Source, a platform that automates stock purchasing for retailers using agentic AI, discusses how the company secured \u20ac1.2 million in pre-seed funding&#10;\" data-embed=\"rte-player\" data-id=\"22532625\" data-ot-category=\"C0004\" data-title=\"Liam Fuller, co-founder of Source, a platform that automates stock purchasing for retailers using agentic AI, discusses how the company secured \u20ac1.2 million in pre-seed funding&#10;\">We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.<a class=\"blocked-button\" href=\"https:\/\/www.rte.ie\/news\/business\/2025\/0722\/1524816-irish-17-year-olds-startup-raises-1-2m\/javascript:void(0);\" onclick=\"OneTrust.ToggleInfoDisplay()\" rel=\"nofollow noopener\" target=\"_blank\">Manage Preferences<\/a><\/p>\n<p>While visiting family in Australia last April, Mr Fuller secured a meeting with Square Peg co-founder Paul Bassat, and closed the funding round within weeks.<\/p>\n<p>&#8220;I&#8217;ve been impressed by many young entrepreneurs, but Liam combines technical sophistication with commercial instincts that are rare at any age,&#8221; Mr Bassat said.<\/p>\n<p>&#8220;When someone demonstrates this level of execution and strategic thinking at seventeen, the growth trajectory becomes incredibly compelling,&#8221; he added.<\/p>\n<p>The capital will be used to double engineering headcount, launch US pilot programmes this autumn and finance a Silicon Valley relocation later this year.<\/p>\n<p>In parallel, Source has joined the NDRC Accelerator, operated by Dogpatch Labs in Dublin.<\/p>\n","protected":false},"excerpt":{"rendered":"An AI startup co-founded by Irish 18-year-old Liam Fuller has secured \u20ac1.2 million in pre-seed funding. Mr Fuller&#8217;s&hellip;\n","protected":false},"author":2,"featured_media":17746,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-17745","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/17745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=17745"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/17745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/17746"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=17745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=17745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=17745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}