Unlikely AI, a London, UK-based artificial intelligence startup, announced the completion of a $20 million seed round led by a group of prominent UK venture capital funds and angel investors.
The funding will be used to accelerate the development of the start-ambitious, up's novel approach to artificial intelligence (AI) and to expand its team.
The round was co-led by Amadeus Capital Partners and Octopus Ventures, with participation from Cambridge Innovation Capital, Skype founder Jaan Tallinn's Metaplanet, and others.
The recent round follows on from a £1.1m angel-only round in October 2020, which saw 26 prominent angel investors contribute, 19 of whom followed on to the current round.
Amelia Armour, Partner at Amadeus Capital Partners, is joining the board of directors of Unlikely AI, and Berkowitz has also joined the board.
Company: Unlikely Artificial Intelligence Limited
Raised: $20.0M
Round: Seed Round
Funding Month: September 2022
Lead Investors: Amadeus Capital Partners, and Octopus Ventures
Additional Investors: Cambridge Innovation Capital, and Metaplanet
Company Website: https://unlikely.ai/
Software Category: AI Crossword
About the Company: Founded in 2018 by William Tunstall-Pedoe, Unlikely AI is an early-stage startup pursuing an ambitious and fresh approach to artificial intelligence (AI), developing products that do things previously considered impossible for computers. Crossword Genius, an app with an AI named Ross that can solve and explain even the most difficult cryptic crossword clues, is an early example of what Unlikely AI can do. The app also employs cutting-edge machine vision to read crossword puzzles from newspapers via the smartphone camera and solve them on your device. Unlikely AI is aimed at advancing the state-of-the-art in artificial intelligence and is headquartered in London.
Source: https://unlikely.ai/unlikely-ai-raises-20m-in-oversubscribed-seed-round/