The oversubscribed round was backed by Enterprise Ireland and private investors to accelerate product development.
"Businesses are at a pivotal moment in the application of technology to the provision of professional services. We are only scratching the surface with the value that can be created for business owners from leveraging AI to do more with less. Assiduous is focused on embedding corporate advisory domain expertise at the application layer to unlock the power of foundation models for many more small and medium sized business owners seeking to contemplate, plan and execute high value corporate actions."
The funding round was backed by Midven, Rigby Group, and Haatch Ventures.
"This investment, coupled with our success in the OneToWin competition, marks a significant milestone in our mission to revolutionise affordability assessments. With this funding, we can expand our team, enhance our technology, and bring our innovative solutions to a wider market. It’s hugely rewarding to be able to improve the financial well-being of individuals whilst also increasing efficiency for creditors."
The funding round includes backing from Skyscanner founder Gareth Williams to support product development and sector expansion.
"This investment is a major vote of confidence in what we’re building. We’ve already proven the model with the NHS and Berkeley Group. Now we’re scaling fast into new sectors and new regions."
The funding round was led by Discerning Capital, the Raine Group, and Play Ventures.
"As investors focused on the global gaming industry, we are incredibly excited to partner with the Midnite team who have built one of the most compelling challenger brands anywhere in the world."
