Klydo, a London, UK-based AI-powered innovation research assistant, raised £1m in funding.
The round was led by Episode 1 Ventures, with participation from True and William Tunstall-Pedoe.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Nick Schweitzer and CTO Wai-chuen Cheung, Klydo is developing a market insights tool which uses a combination of machine learning and data visualisation, taps into online information online and allows consumer brands to come up with their next breakthrough product idea.
– New product development,
– Foresight and innovation, and
– Research and development.