Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

AI Investment Platform Arkera Raises £4M Round

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Arkera ‘s AI platform can connect real world events to investment opportunities.

London-based  Arkera, a FinTech company that is applying  Artificial Intelligence technology to personal investment, has raised £4 million in a round led by by XTX Markets and Alan Howard, and also backed by DOCOMO Digital, Henry Ritchotte and a number of other undisclosed investors.

The sum, raised all in cash, will be invested in the further development of Arkera’s machine learning-fuelled investment platform, and in driving the company’s global expansion.

Founded in 2015 by Vinit Sahni, Nav Gupta and Krishan Patel, Atkera caters to financial institutions willing to educate their clients on making investment decisions: Arkera’s AI platform is, in fact, able to connect real world events and current news to investment opportunities.

“Arkera brings together an expert financial content team with AI to offer relevant and contextualised content matched with investment products,” company’s co-CEO Sahni said in a statement.

“There is a niche in the market for artificial intelligence and machine learning to empower clients to make exciting investment decisions.This funding round will allow us to scale the technology behind the Arkera platform and expand into new geographies and customer segments.”

Round backer DOCOMO Digital’s CEO Hiroyuki Sato also commented on the deal: “We are very focused on collaborating with businesses developing artificial intelligence and machine learning platforms for the DOCOMO Digital portfolio targeted at big data driven digital marketing services, ” he said.

“This investment underscores our belief in the team and the strategic opportunity for value creation through machine learning in the investment space. We look forward to partnering with Arkera for their next stage of innovation and expansion.”

Image via Arkera/Google 

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