Aylien, a risk intelligence and financial analytics solution, has scored €5m in its Series A round.
Finch Capital led the round, with participation also coming from Atlantic Bridge University Fund, SOSV and Enterprise Ireland. As part of the deal, Finch Capital partner Hans De Back will join the Aylien board of directors.
Its AI-powered solution collates, structures and analysis world news in 14 languages across 160 countries to help companies discover and quantify the impacts of events on their business. The platform proactively monitors negative press mentions of individuals and organizations for customer onboarding and regulatory processes.
Additionally, the platform offers buy/sell signals and investment insights to analysts, asset managers and retail investors.
With the new batch of funding, the company is looking to further develop its platform and expand into the US and UK markets, where the majority of its customers are based. Capital is also being put towards its growth and expansion into the risk intelligence market and the development of a new revenue change and product line via a user-facing application.
The company formed a number of new business partnerships this year including ones with Microsoft, Aon and Revolut.
Finch Capital principal Mike Brennan said, “Finch Capital are delighted to lead the latest investment round in Aylien and to back such a technically talented team. Aylien have developed world leading Artificial Intelligence and Natural Language Processing technology which we believe has exciting applications across risk management, finance, and intelligence.
“We anticipate significant growth in AI, comparable to the FinTech wave of the last 5 years and expect to double down on European AI over the next 3-5 years. We look forward to working closely with Parsa and the team to continue to scale the business globally.”
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