Cerebreon, a Donegal, Ireland-based insolvency technology startup, closed a £1.5m seed funding round.
The round was led by Delta Partners and supported by HBAN/private Angels, Western Development Commission, Consilience Ventures and Growing Capital.
The company intends to use the funds to scale operations and expand its business reach in the UK.
Led by Gillian Doyle, CEO, Cerebreon is working with consumers, financial institutions and insolvency practitioners, to deploy their deep learning platform to help predict and prevent insolvency ahead of time.
The startup, already selected by Accenture’s Fintech Innovation Lab to take part in the accelerator program, has also partnered with Microsoft to deliver security to protect sensitive personal data, using Microsoft Azure.