The Manchester-based enterprise software company has raised £54.4m from SoftBank Vision Fund 2 and existing backers to scale its decision intelligence platform.
"We’re proud to be working with some of the biggest brands in the world. Modern businesses are complex and operate in an ever-changing world. It’s becoming impossible to run them without AI, which is enabling them to make consistently great decisions, faster and more accurately than ever before."
Earlybird led the pre-seed round for the financial data platform, with backing from Seedcamp and industry angels.
"Thousands of APIs are opening siloed data sources globally at a rapid pace, but the explosion in the number of touchpoints has created significant complexity; and it’s increasingly difficult to integrate this dynamic ecosystem in existing back-end systems and processes. We couldn’t find a comprehensive solution that didn’t require complex manual configuration and lengthy integration. So we decided to build it."
The pre-seed investment was led by Techstart and CVC Philanthropy to fund product development and team expansion.
"No single company is going to achieve circularity on their own; it relies on an ecosystem of partners working together. Sharing information within the ecosystem is a critical barrier to overcome, and that is what Reath offers to clients."
Beringea leads a £2m Seed round to help LITTA expand its digital waste collection services across the UK and internationally.
"LITTA has digitised a notoriously archaic, poorly serviced market. By leveraging our technology platform, which is underpinned by AI, we are able to leverage capacity in the market to fulfil customer bookings, aggregating a highly fragmented market. Our technology allows us to work with trusted suppliers to service customers professionally and efficiently, introducing the on-demand service that millennials expect today."
The funding round was led by Faber with participation from Ganexa Capital and Innovate UK.
"As it stands, the management of long-term health conditions is an inefficient process for patients and their GP practice. It involves multiple appointments, duplication of tests, and tons of admin. It doesn’t deliver the best for patients and also wastes valuable NHS time and resources. Abtrace is working at the interface of AI and healthcare to transform this."