One of the UK鈥檚 fastest-growing artificial intelligence companies has raised 拢38 million in Series D funding.
London-based Signal AI will use funds to further build out its 鈥榙ecision augmentation鈥� solution for business leaders.
The round was led by Highland Europe, bringing its total funding to date to $100m. Other investors in this round include abrdn, existing investors include Redline, MMC, Hearst and Guardian Media Group Ventures.
鈥淥ur vision at Signal AI is to transform business decision making through augmented intelligence,鈥� said David Benigson, CEO and co-founder.聽
鈥淲e are thrilled to have Highland Europe and Aberdeen Standard Investments join us in this latest round and appreciate the continued belief and support of our existing investors.聽
鈥淭he investment will allow us to continue to attract the best-in-class machine learning 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鈥檚 biggest companies.鈥�
Signal AI鈥檚 decision augmentation solution uses the world鈥檚 news, broadcast, blog and regulatory data to understand a decision maker鈥檚 context and extract knowledge from these diverse sources.聽
It then delivers relevant knowledge through a SaaS interface, real-time alerts, interactive dashboards and a suite of APIs to help decision makers across a range of industries make informed and confident decisions.聽
Signal AI鈥檚 insights are currently delivered to over 40% of the Fortune 500 through its strategic partnership with Deloitte.
鈥淪ignal AI is a stand-out category-defining business鈥� said Tony Zappal脿, partner at Highland Europe.聽
鈥淲e are excited to be involved with the next chapter of the company鈥檚 innovative growth.聽
鈥淒avid and the leadership team have a clear vision for the decision augmentation category they are helping to define and as Gartner鈥檚 research has shown, the opportunity is huge.鈥�