Insight Partners led the £8.5m Series A round to support growth and technological advancement at Monolith AI.
"Deriving insight from data for decision-making is a complex but necessary challenge for engineering organisations. Engineers understand the data, they are embedded in the business and have the intuitions necessary to know why to process and model data. Democratising Al, by empowering engineers to be self- sufficient in building and deploying Al solutions, helps engineering organisations drive digital transformation more efficiently than other currently available solutions."
Glory has emerged as the cornerstone investor in OneBanks to help expand everyday banking services across the UK.
"We have many decades of experience helping banks transform their physical branch networks using the latest technologies in response to changing consumer expectations. The mass adoption of mobile and online channels has fundamentally changed the economics of branch banking across the UK and other countries and yet consumers still value, and in many cases need, convenient access to face-to-face banking services. We are delighted to be making this investment in OneBanks as they seek to introduce, in partnership with the major UK banks, their new open banking-enabled approach to providing this service to communities across the UK through shared branches."
— Toshimitsu Yoshinari, Chief Solutions Officer at Glory Global Solutions
The round was led by ETF Partners and will fund expansion in the US, Europe and Africa alongside software development.
"Outside urban centres, the vast majority of people need a car to access work and education. Amongst our shift-worker customers, 30% of candidates don’t turn up to the job interview in the first place because they can’t get there. Zeelo is playing an important role in improving social mobility and decarbonising transportation. In the past 18 months, employers have realised the importance of it too. Now it’s time to bring this to the masses"
