The financing round was led by CapHorn with participation from Chevron Technology Ventures and Suffolk Technologies to support international growth and product development.
"The UK has led the way in AI for construction since our inception in 2017. I'm proud to continue that leadership. We've been quietly building a new standard for capital delivery with customers all over the world. This funding allows us to scale that transformation – proving that a UK company can lead globally in one of the most important applications of AI."
Buoyant Ventures led the Series A round to fund international expansion and close the flood protection gap.
"This investment is an endorsement of our parametric cover and how we’re using it to solve real-world issues. The group of investors for the round couldn’t be better tailored to supporting our efforts in solving the issues around underinsurance in the face of climate change."
Fitch Ventures led the Series A round to support the company as it expands its team and enters the US market.
"We are thrilled to be adding the resources and expertise of Fitch Group and XTX to the Cognitive Credit mission. Every day we strive to push the boundaries of what technology can do for credit investors, and we see huge opportunities to collaborate with our new strategic partners in this area. We have received phenomenal feedback from clients over the past year, and with this capital raise and near-term additions to the team, we couldn’t be more excited about our global expansion and further product roll-out in 2022."
The funding round was co-led by Pentech and Outward to support infrastructure development and team expansion.
"When raising capital, VCs are obliged to undertake a countless number of time-consuming, long-winded and expensive processes. This deter many prospective managers from raising a fund, and therefore prevent many founders from getting funded."
