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Recently ended one of the UK's biggest Series A rounds so far this year, to create tech which automates the data examination.
The London-based firm raised an astounding £13m ($17.5m) in a round co-led by Goldman Sachs Principal Strategic Investments (PSI) and Temasek.
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The organization has created innovation which automatically pulls and segregates the data found in records, which would then be able to be unified into client workflow
Co-founder and CEO of Eigen Technologies Dr. Lewis Z. Liu said:
“Three and a half years ago we set out to be a truly unique AI company, one that allows our clients to harness the power of their qualitative data to make better decisions. This Series A round underlines our ambitions and is the next major step in our expansion plan. With our partners, each of whom is a leader in its sector, we will continue to expand across multiple markets and geographies, as well as doubling down on our investment in research and development, which will always be at the heart of our company. Eigen is defined by its people, and they will continue to be our biggest area of investment going forward. I can’t wait to get started on the next chapter of building our business.”
Co-founder and Chairman of Eigen Technologies Jonathan Feuer said:
“When we founded Eigen, we knew we wanted to build a business capable of serving the most demanding financial, legal, and professional services clients with new and unique technology. As Eigen’s sole investor since its formation, I am delighted to be joined by our new partners in this funding round, each of whom will bring immense value and experience to us as we scale. Furthermore, the additional financial resources will allow Eigen to grow more rapidly by attracting the best global talent. This will enable us to serve our clients anywhere in the world.”
The organization plans to utilize the proceeds for expanding their business in London, New York, and other worldwide markets, including Asia and the Americas, and keep on investing in research and development.
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