Arkera, a London, UK-based artificial intelligence platform for personal investing, raised £4m in funding.
The round was led by XTX Markets and Alan Howard with participation from DOCOMO Digital, Henry Ritchotte and additional investors.
The company intends to use the funds to further develop its machine learning platform and to expand its presence globally.
Founded in 2015 by Co-CEOs Vinit Sahni and Nav Gupta, and CTO Krishan Patel, Arkera provides financial institutions with an Artificial Intelligence powered app that connects real word events and news directly to investment products.
Initially, the company is rolling out its proposition to the brokerage industry, effectively creating a virtual sales function for them.