techspert.io closes $12m funding round
techspert.io, a Cambridge-based AI technology innovator connecting businesses with experts for domain-specific industry insights, has closed a $12 million funding round led by investment behemoth BGF and existing backer Nauta Capital, a pan-European VC firm.
The volume of online data, information and misinformation is growing exponentially, as is the speed with which markets and products evolve. It is therefore increasingly challenging and important for businesses to cut through all the noise and get the rapid insights they need for smart decision making.
techspert.io maps and predicts expertise across over 200 million experts worldwide, using a knowledge graph covering millions of expertise areas. This enables businesses to access expert insight more rapidly, precisely, and conveniently than ever, whether they need to understand the treatment landscape for a rare disease or the latest application of drones in agriculture.
Currently growing at >150 per cent year-on-year, techspert.io will use the new money principally to transform its platform, expanding into new expertise verticals including consumer goods, technology, media, and telecoms.
It further intends to enable customers to get instant expert recommendations and providing specialists with a more convenient way to manage their expert engagements.
The business will also be growing its international project management and business development teams to scale operations and ensure that results are delivered effectively, with a high level of service.
David Holden-White techspert.io CEO & co-founder said: “We founded techspert.io after experiencing the pain points and inefficiencies in connecting to experts for product development and investment needs in the healthcare sector.
“We’ve made great progress developing a platform that delivers value for both customers and experts and we are excited for the next phase of growth.”
Over the past 12 months techspert.io has onboarded many customers from across the healthcare, investment, private equity, advertising, consultancy, and corporate sectors, and expanded into the energy and industrials sector.
During the year, the team grew to over 50 people, and the company increased its global footprint with the opening of a new office in Houston, Texas as the business continues its international expansion.