Signal AI secures $50m in Series D funding led by Highland Europe to advance decision augmentation technology.
Highland Europe led the round with participation from abrdn, Redline Capital, MMC, Hearst and GMG Ventures.
≈ £37.5M at $1 = £0.7506 on 16 Dec 2021
Signal AI applies artificial intelligence to public information, helping executives track market trends, risks and opportunities.
Signal AI has secured $50m in a Series D funding round led by Highland Europe. The capital injection also drew participation from new investor abrdn, alongside existing backers Redline Capital, MMC, Hearst and GMG Ventures, bringing the firm's total funding to date to $100m.
The London-based business will direct the proceeds towards building its decision augmentation technology. Founded to modernise media monitoring, the company uses proprietary artificial intelligence to sift through millions of documents daily, turning unstructured information into actionable insights for corporate leadership teams.
The latest financing follows steady commercial expansion for the firm, whose client roster includes large enterprises and government bodies. With the fresh capital, Signal AI aims to scale its platform and expand its international presence.
From the founder
"Our vision at Signal AI is to transform business decision making through augmented intelligence. We are thrilled to have Highland Europe and abrdn join us in this latest round and appreciate the continued belief and support of our existing investors. The investment will allow us to continue to attract the best in class ML and AI product engineering talent, to scale our AIQ platform, grow our international hubs and advance the use of our decision augmentation solution with some of the world’s biggest companies."
David Benigson
CEO at Signal AI
Investor perspective
"Signal AI is a stand out category defining business"
Tony Zappalà
Partner, Highland Europe
Use of funds
- 01Continue product development
