Maven Capital Partners led the funding round to support product development and business scaling.
"Connected Data’s service addresses a critical challenge for utility and financial services companies. With the cost of living crisis driving household debt to new heights, and stricter guidelines like the FCA’s Consumer Duty coming into play, companies are under increasing pressure to refine their debt collection processes. Connected Data has already proven its value for clients by reducing the time, cost, and complexity of debt management while increasing confidence in data accuracy and recovery rates. We are excited to work with Kirk and his team to further scale the business and explore new growth opportunities."
"We believe this collaboration will provide us with significant expertise in enterprise software alongside deep operational resources which will play a critical role in fueling Avantra’s next phase of expansion."
Two new investors have joined the board with a combined 40% stake after a six week process.
"This was a particularly enjoyable project to work on. Management were always responsive and professional in their dealings with investors we introduced. Terms were quickly negotiated and from start to finish the whole investment process took just six weeks and that included all of August!"
Look AI Ventures and Fuel Ventures back the workplace well-being platform.
"At Look AI Ventures, we are thrilled to support Ambr in its mission to revolutionize workplace well-being. Unlike traditional methods that rely on surveys, Ambr taps into real employee interactions by seamlessly integrating with over 50 company tools, providing a robust data-driven approach. This allows organizations to gain valid insights not only to predict issues related to employee morale, well-being, and burnout but also to offer a solid foundation for people managers to assess and address these challenges effectively. Moreover, Ambr seamlessly integrates with a wide range of workplace tools across both Google and Microsoft ecosystems, enhancing the overall experience for employees and HR. We’re proud that Ambr works closely with its technology partners to provide a solution that amplifies the capabilities of existing workplace platforms, showcasing its value in the modern, interconnected workplace."
Balderton Capital led the pre-seed round, which will fund the development of continual learning models for Proxy assistants.
"Imagine an agent that keeps growing and learning whenever you teach them something new. Over time, the agent will take on mundane tasks allowing you to focus on higher-level tasks that are more impactful and also more enjoyable. The key to our approach is the ability for Proxy to learn and memorise tasks on the job, remembering them for the long term and being able to use its memories to extrapolate to new tasks – just as a person would. Our mission at Convergence is to build new, foundationally different technologies that are a clear pathway to useful intelligence. Balderton shares our vision deeply and we are looking forward to turning it into a reality with them."