Series A24 January 2024

OpenDialog secures £6.3m in Series A funding led by AlbionVC to fuel expansion and research

The Series A round was led by AlbionVC with backing from Dowgate Capital and private investors.

£6.3MSeries A

OpenDialog provides an enterprise-grade conversational AI platform designed for regulated industries. The company enables businesses to safely harness advanced automation and language models.

OpenDialog has secured £6.3m in Series A funding to advance its conversational AI technology and accelerate growth. The round was led by AlbionVC, with additional participation from Dowgate Capital alongside several angel investors, directors, and staff members. The capital will support continued hiring, research and development initiatives, and expansion into the United States market.

From the founder

"We're building a category-defining business that redefines the way humans interact with technology and that makes advanced and Generative AI realizable for enterprises. Businesses are keen to take advantage of the technology they see manifested in applications like ChatGPT, but they're struggling to figure out how to make that a reality in a business context without exposing themselves to risks. We can offer them the security, granular control, explainability and safety which is essential for all businesses, but particularly those operating in regulated sectors like insurance, healthcare, financial services and utilities."

Terry Walby

CEO at OpenDialog

Investor perspective

"Conversational AI has evolved massively since early chatbots. In OpenDialog, we have a team of proven entrepreneurs and technologists who have successfully built and scaled enterprise businesses before and we're convinced that they have the potential to be one of a handful of global leaders in this once-in-a-generation transformation."

Ed Lascelles

Partner, AlbionVC