Nexus FrontierTech secures £2.9m in seed funding led by a Geneva based family office to drive global growth.
The London based regulatory technology firm has closed a seed round backed by several private investors to accelerate research and international expansion.
Nexus FrontierTech is an artificial intelligence solutions firm that builds configurable tools to streamline data intensive processes for regulatory and compliance tasks.
London based artificial intelligence firm Nexus FrontierTech has secured £2.9m in seed funding to support its research and development alongside global expansion plans. The financing round was led by a Geneva based family office, with participation from private investors including Nick Fry, Jennifer Lewis and Tom Yoritaka.
Founded in 2015, the company provides configurable solutions designed to automate data intensive processes and shorten the deployment cycle of enterprise models. The newly raised capital will be directed towards accelerating research capabilities and driving international growth across the UK, United States and Asian markets.
The business has previously established a footprint in the Asia Pacific region and recently secured a three year contract with a major UK based bank. With the backing of its new investors, the firm intends to expand its client reach and scale operations for financial institutions.
From the founder
"One of the major pain points any enterprise will face is the inefficient use of labour to manage repetitive, manual and error-prone processes that involve the extraction and checking of unstructured data,"
Danny Goh
CEO at Nexus FrontierTech
Use of funds
- 01Fund research and development
- 02Expand into international markets
Investors
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About the company
Nexus FrontierTech
Nexus FrontierTech builds artificial intelligence solutions that modernise data intensive regulatory and compliance processes.