Apax Global Alpha's Digital Fund leads funding round for AI firm
Tue, 25th May 2021 10:48
(Alliance News) - Apax Global Alpha Ltd said Tuesday its Digital Fund led a GBP30 million funding round for UK artificial intelligence firm Faculty.
The Apax Digital Fund will invest about EUR2.0 million in the company on a look-through basis.
"Founded in 2014, Faculty has grown rapidly to become one of the world's most experienced teams of AI and machine learning specialists, able to support any organisation to make AI effective and drive value. The company has a specialist team that includes over 50 PhDs with experience of working with over 200 customers across the globe," Apax said.