Prowler.io, a Cambridge, England, UK-based artificial intelligence platform for decision-making, raised $24m in new funding.
The round, which valued the company at $100m, was led by Tencent Holdings Ltd. with participation from Pearson plc, Amadeus Capital Partners, Atlantic Bridge, Cambridge Innovation Capital, Mandatum Life, Passion Capital, RB Capital and Singapore Innovate.
The company intends to use the funds to launch new products and expand into a wide range of industry verticals, including finance, logistics and education.
Led by Vishal Chatrath, CEO, Prowler.io is a provider of an Artificial Intelligence platform for businesses and organisations to improve decisions in processing dynamic, real-time data in complex and uncertain environments. Its core platform combines branches of mathematics, engineering and economic theory to be applied to managing logistics decisions, allocating resources, and assisting financial decisions in asset management.