Kodex AI, a Berlin, Germany-based startup that aims to empower financial professionals with its AI solution, powered by a purpose-built LLM, has raised €1.6 million in funding.
SaaS Investors
The round was led by Signals VC, with participation from Techstars, Deutsche Bank, and strategic business angels.
Founded in 2017, Signals Venture Capital is a venture capital firm based in Berlin, Germany. Signals Venture Capital partners with founders who are in the early stages of building global enterprise software and tech companies. The firm seeks to invest in the B2B and technology sectors.
Kodex AI Use of Funds
The company plans to use the funding to accelerate the development of AI copilot for the financial industry.
About Kodex AI
Founded by Thomas Kaiser and Claus Lang, Kodex AI is developing AI-powered solutions tailored to the needs of financial services professionals, aimed at helping them find the right information and make decisions faster. The technology is being specifically trained to understand complex terminology and context in the financial industry. Kodex AI's software is currently in private beta with select financial institutions, with plans for a broader launch later this year.
Funding Details
Company: Kodex AI GmbH
Raised: €1.6M
Round: Unknown
Funding Month: October 2023
Lead Investors: Signals VC
Additional Investors: Techstars, Deutsche Bank
Company Website: https://www.kodex-ai.com/
Software Category: AI Solutions for Financial
Source: https://www.kodex-ai.com/press/kodex-ai-funding-accelerate-ai-copilot