More than 400 jobs in the pipeline as London AI firm raises £30m growth funding
A London artificial intelligence company has announced that it is aiming to create 400 new jobs following a £30m funding round.
Faculty, which specialises in AI as a service, has raised £30m in growth funding from the Apax Digital Fund.
The funding will be used to drive the expansion of its AI services, creating more than 400 new jobs across its engineering, product and delivery teams.
It will also be used to accelerate Faculty’s international expansion, with the company already working across five continents.
Marc Warner, CEO and co-founder of Faculty, said: “It’s an incredibly exciting time for artificial intelligence, and for Faculty in particular.
“Too many organisations haven’t been able to realise the value of AI, because they haven’t had the tools to integrate it successfully into their business.
“Customers are rightly demanding high performance technology to unlock the power of data and maximise impact.
“Faculty can help elevate an organisation’s performance, whether this enables better operational decisions, or increasing ROI.
“Apax’s expertise and global network means we will continue to grow at pace, bringing the power of AI to even more customers, helping them to make effective, robust decisions with real-world impact.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.