action.ai secures £515k from Angels in the City, LBA syndicate, and LCIF to scale operations.
The funding round was backed by Angels in the City, LBA private investors, and the London Co-Investment Fund.
London-based action.ai builds an artificial intelligence platform that allows enterprises to create smart chatbots without requiring deep technical expertise.
London-based artificial intelligence developer action.ai has secured £515k in a funding round involving Angels in the City, LBA private investors, and the London Co-Investment Fund. The company provides a technology layer that integrates with foundational tools from major tech firms to help enterprises build smart chatbots.
The newly raised capital will be directed towards expanding the firm's execution capabilities as it scales operations. The business has already attracted significant market interest for its ability to enable frictionless commercial transactions and internal productivity solutions through messaging channels.
From the founder
"this has been a tremendous last year for the business and the high quality of investors supporting this funding round is a testament to this. The combination of this new funding and the expertise in the investor group will be instrumental as we scale from our strong base."
John Taylor
CEO at action.ai
Investor perspective
"smart chatbots have the potential to provide highly engaging and intuitive user experiences. action.ai is right at the cutting edge of smart chatbot development and its innovative platform is already generating huge interest. This round of funding means that the company is now very well placed to drive its commercial and product development activities."
Anthony Clarke
Managing Director, LBA
Use of funds
- 01Scale operations
