Signal AI raises $25m in Series C funding led by Redline Capital to fuel international expansion.
The Series C round was led by Redline Capital with backing from MMC, GMG Ventures, and Hearst Ventures.
≈ £19.4M at $1 = £0.7778 on 28 Oct 2019
Signal AI builds an artificial intelligence platform that analyses global news and regulatory data to help executives track corporate risks and market trends.
Signal AI has secured $25m in a Series C funding round led by Redline Capital, with participation from existing backers MMC, GMG Ventures, and Hearst Ventures. The company will use the capital to expand its presence in the United States and the Asia-Pacific region, alongside developing new use cases for its media monitoring and market intelligence technology.
The raise follows a period of rapid expansion for the London-headquartered firm, which doubled its customer base and grew revenue by more than 130% over the preceding year. Signal AI employs over 150 people globally across offices in London, New York, and Hong Kong, serving major enterprise clients including Deloitte, HSBC, and MSL Group.
From the founder
"Our vision at Signal AI is to transform business decision making through augmented intelligence. We are building artificial intelligence and machine learning technologies that learn what an executive needs to know and investigate huge amounts of data to provide critical insights in real-time. The results give them absolute clarity about what’s happening outside their organization to make the most informed decisions,"
David Benigson
CEO and Founder at Signal AI
Use of funds
- 01Expand into international markets
- 02Continue product development
