MindBridge Analytics Raises $8.4M in Series A Financing

Funding Rounds

▤ Summary

The round was led by Real Ventures with participation from Reciprocal Ventures, National Bank of Canada, The Group Investment and 8VC. The company intends to use the funds to accelerate the scale-up of operations and expand globally. Led by Eli Fathi, CEO, MindBridge offers an AI platform that detects anomalous patterns of activities, unintentional errors and intentional misstatements. It automates the ingestion and analysis of data and learns from user interaction, incorporating a hybrid of machine learning and artificial intelligence algorithms. A ‘risk score’ is generated across the entire dataset and results are presented through a user interface that increases effectiveness of the analysis.

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Amount $8.4M Total raised
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Date April 30, 2018 Announcement date
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Investors Mindbridge AI, National Bank of Canada, 8VC, Real Ventures Lead investors
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Company http://www.mindbridge.ai Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Artificial Intelligence Audit Software Financial Software

▦ Linked Companies