A leading artificial intelligence (AI) consultancy, Brainpool AI is raising capital on Seedrs.
The consultancy is seeking £120,001 for a 3.3% equity stake in the firm. The company has set a pre-money valuation of £3.5 million. As this moment, Brainpool AI has raised over half of the targeted raise. This may be the first consulting firm to crowdfund growth capital.
Brainpool is described as a global network of more than 350 AI experts providing custom AI solutions for corporations. AI is fast emerging as hot sector of tech growing quite rapidly. For the next couple of years, AI is predicted to grow 154% each year. While still in its infancy, AI raises important issues beyond incorporation and development including ethics and regulation.
Brainpool AI reports it has already provided services to companies like Sainsbury’s, Facebook or Ernst & Young.
The capital injection will be utilized for two new products: Forstack and DAISY.
Forstack is said to be an algorithm that predicts movements in the financial-time series with higher than average accuracy.
DAISY is an automated “Design AI System” that “finds an optimal floorplan design with a click of a button.”
The company states:
“The demand for AI is huge and, there is likely to be more companies needing AI than the AI experts themselves. Thanks to this growing demand we have started generating revenue from year 1. After doubling the revenue in year 2 we are now ready to scale through selling our first two products launch.”
Brainpool AI provides entry into a fascinating industry. The one question I have is what will the exit opportunity be for investors?
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