Prowler.io’s AI technology is being rolled out for deployment in financial services, logistics and education during 2019
22 May 2019
Cambridge Innovation Capital plc (CIC), the venture capital investor focused on building category leading technology and life science businesses in the Cambridge ecosystem, has participated in the $24 million funding round completed by Prowler.io, a leading Artificial Intelligence platform for decision-making.
This investment, alongside existing and new investors, will be used to support Prowler.io’s recent product expansion and growth, with the company continuing to expand into a wide range of industry verticals, including finance, logistics and education.
Prowler.io continues to define the AI decision-making market, developing the world’s first technology that can help businesses and organisations make better decisions in processing dynamic, real-time data in complex and uncertain environments. Prowler.io’s core platform, VUKU, is being applied to managing logistics decisions, allocating resources, and assisting financial decisions in asset management. It is founded on a unique, integrated approach – combining branches of mathematics, engineering and economic theory. While traditional approaches to problem-solving often rely on machines learning from vast, historic data sets, Prowler.io’s is data efficient, and learns in real-time. Based in Cambridge, one of the world’s leading centres of AI research, Prowler.io has built a world-class team of mathematicians and engineers.
“CIC is delighted to continue supporting the growth of Prowler.io. Prowler.io is a great example of a leading Cambridge AI research company gaining rapid commercial adoption in the marketplace. Prowler has assembled a world class team whose technology is already disrupting industries ranging from logistics to financial services and education.Managing Partner CIC
“This investment is a huge sign of confidence in our efforts to be at the forefront of how enterprises use machines,” added Vishal Chatrath, CEO of Prowler.io. “Having initially focused on developing our AI platform, we are excited to be expanding our product offering into new verticals, underscoring the flexibility and innovative nature of our core technology. We’re excited to be supporting global corporate and financial leaders like Mandatum Life, Pearson, RB Capital, Tencent, with AI tools that enable people to make better decisions.”