Asian investment takes PROWLER.io to $100m valuation
Investment from China, Singapore and elsewhere globally has enabled Cambridge UK Artificial Intelligence pioneer PROWLER.io raise an additional $24 million from new and existing investors, valuing the company at $100m.
The investors in the new round include Amadeus Capital Partners, Atlantic Bridge, Cambridge Innovation Capital, Mandatum Life, Passion Capital, Pearson, RB Capital, SGInnovate, and Tencent.
The strategic partnerships and funds 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.
Its core platform, VUKU, is being applied to managing logistics decisions, allocating resources, and assisting financial decisions in asset management. The business 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.
Vishal Chatrath, CEO of PROWLER.io, said: “This investment is a huge sign of confidence in our efforts to be at the forefront of how enterprises use machines.
“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 and Tencent with AI tools that enable people to make better decisions.”
PROWLER.io was founded by mathematicians and engineers following years of research into machine intelligence, probability theory and multi-agent problems. Founded in 2016, it now has 110 employees from 29 countries.