Logo

Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

FINTECH AI START-UP SUCCESSDATA CLOSES INVESTMENT WITH SUPERSEED TO FINANCE GROWTH

12/06/2019

“Dark Data” AI specialist to invest funds into data scientists and machine learning experts

AI data extraction start-up SuccessData, formerly known as sc.io, has today announced that it has closed a £600k investment round led by B2B startup investor SuperSeed. This investment will allow the start-up to finance the hiring of data scientists and machine learning experts that can drive strategy and the growth of the business. This announcement follows the company relaunching its global brand to reflect its ambitious international growth plans for the European and US markets.

SuccessData uses sophisticated machine learning to automatically turn “dark data” into machine readable assets. The company’s end-to-end integrated workflow solution leverages the latest advances in AI and machine learning to achieve quality results that are unachievable by human extraction. Specifically, SuccessData has solved the challenge of how to train deep neural networks with limited training data, enabling customers to deploy the solution to many areas where deep learning was not previously applicable.

Previously called sc.io, the company will henceforth be known as SuccessData and has created a new website to reinforce its flexible end-to-end integrated workflow solution. Since launching the powerful data extraction solution to the financial services sector earlier this year, SuccessData has seen rapidly growing demand. The new funding from SuperSeed allows the company to turn that demand into rapid revenue growth.

SuperSeed specialises in investing in ambitious, early stage start-ups that have the potential to substantially transform the way business is done – especially in large enterprises. AI provides the potential for the biggest shift in business practices since the advent of the Internet and SuccessData is dedicated to transforming business practices in the financial services industry and beyond.

Laurent Louvrier, Founder and CEO of SuccessData said, “We are delighted to have experienced such strong customer traction, and to have been able to close this round with SuperSeed as the lead investor.  They bring real life hands-on experience in building enterprise software companies and we are really looking forward to having the team advise us on strategy and future objectives.”

Mads Jensen, Founder and CEO of SuperSeed comments on the investment, “The SuccessData team is highly experienced in both financial services, data science and technology development, with the three founders having more than 60 years of deep industry expertise between them. SuccessData combines promising technology, a great opportunity and a terrific team, and we are excited for the prospects of the business.”

YOUR COMMENT

Your Comment

Email (will not be published)

Finance Derivative is a global financial and business analysis magazine, published by FM.Publishing. It is a yearly print and online magazine providing broad coverage and analysis of the financial industry, international business and the global economy.

Copyright @ 2018-2019. Finance Derivative. All Right Reserved