Finbourne taps $70M for tech that turns financial data dust into AI gold 

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Companies in fields like financial services and insurance live and die by their data — specifically, how well they can use it to understand what people and businesses will do next, a process that is becoming increasingly dominated by AI. Now, a startup called Finbourne, founded out of London’s financial center, has built a platform to help financial companies organize and use more of their data in AI and other models. It’s announcing £55 million ($70 million) in funding, which it will use to expand its reach outside of the Square Mile. 



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Finbourne taps $70M for tech that turns financial data dust into AI gold 


Companies in fields like financial services and insurance live and die by their data — specifically, how well they can use it to understand what people and businesses will do next, a process that is becoming increasingly dominated by AI. Now, a startup called Finbourne, founded out of London’s financial center, has built a platform to help financial companies organize and use more of their data in AI and other models. It’s announcing £55 million ($70 million) in funding, which it will use to expand its reach outside of the Square Mile. 



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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