BP Ventures has backed the UK transport analytics software provider to support its international expansion.
"Faster adoption of lower carbon energy and mobility solutions will help drive bp towards meeting its ambition to become a net zero company by 2050 or sooner and helping the world get to net zero. We’re very excited to be investing in Dynamon, an EV fleet software business deploying software as a service and data science to help the commercial transport industry transition to lower carbon energy fleets."
Blossom Capital has led a £17.2m investment in AutogenAI to support product development and international expansion.
"We build language engines that help organisations to write bids, tenders and proposals more efficiently and more effectively. Our technology augments human expertise by enhancing the power of bid writing teams. This is a clear example of AI being used for public good, reducing the cost of bidding and freeing up taxpayers’ money for the delivery of services. We’re looking forward to working closely with Blossom Capital to build on the progress we’ve achieved so far."
The funding round includes backing from Wealth Club and 1818 Venture Capital, alongside follow-on support from Blackfinch Ventures.
"This latest round of investment truly shows our desire to push on ahead and establish WMC as the market leader in the competitive intelligence marketplace."
