UK-based AI startup Cytora picks up Series A funds
Summary
Cytora, a three-year-old, London-based AI startup, has just raised £2.4 million in Series A funding led by Parkwalk with participation from Cambridge Enterprise, iLexIR and a high-profile group of angels including Alan Morgan, Paul Forster and Matthew Grant, a former executive at RMS. The business is focused on capturing hidden economic insights that exist in online data, giving clients a comprehensive overview of what is changing in the world and an unparalleled ability to unearth leading indicators and opportunities. With a background in geopolitical and supply chain risk, the 20-person company now works with major global names in finance and insurance and has deep relationships in asset management. Asked how Cytora’s fresh capital will be used, CEO and co-founder Richard Hartley said the company plans to commercialise heavily in one of these areas over the next six months. Cytora is the first company to be funded by the Judge Business School at Cambridge University, and are members of the Plug and Play accelerator in California.
Funding
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