Gradient Labs secures $13m in Series A funding extension to scale financial AI agents

Gradient Labs has expanded its Series A funding round with £13m in new capital, bringing its total financing for the round to $26m. The investment was co-led by new backers Octopus Ventures and CommerzVentures, alongside continued support from existing investors Redpoint Ventures and Exceptional Capital. The fresh capital will support the company as it expands its operations across the United States and develops advanced artificial intelligence assistants for financial institutions.

Founded by former Monzo employees, the London-based startup provides specialised artificial intelligence agents designed to handle regulated processes such as customer support, KYC checks, and dispute resolution. The company has experienced rapid commercial growth, reporting a 900% increase in revenue over the past year while supporting major fintech brands across the UK, Europe, and the United States.