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Once seen as an imminent existential threat for human advisers, the growth of the robo-advice market has yet to realise its enormous potential. A recent Cerulli report shows profitability as the number one headwind for digital or robo-advisers, with a significant number of offerings failing to gather significant assets under management.
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Thomas Lowe
04.05.2020
AI System pioneer Peak has received a Series A investment from investors MMC Ventures and Praetura Ventures. This new investment brings Peak’s total funding to $18.5M. According to recent research, the global spend on AI systems could reach $97.9B by 2023.
30.04.2020
Based in London, Onfido, the startup that uses AI to “read” a person’s identity documents and uses facial recognition and other data points to verify that a person is who she or he says they are online has received £80M ($100M) from TGP Growth.
16.04.2020
Founded in 2015, Cognism helps companies to be data compliant offering one of the world’s leading all-in-one globally compliant B2B prospecting solutions. The introduction of GDPR in May 2018 provided Cognism with the opportunity to build this world-leading product, and today they have raised £9.4M in a funding round led by AXA Venture Partners.
19.03.2020
Behavox just received investment $100M (£76M) from SoftBank to expand and develop their employee-monitoring software.
02.03.2020
Bristol-based AI chipmaker Graphcore raises another $150M (£114M) Series D investment at a $1.95B (£1.5B) valuation to accelerate R&D in the hardware powering and processing AI.
26.02.2020
Customer experience platform Chattermill has announced an $8 million Series A funding round to continue its analytics and cross-border growth.
26.02.2020
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