Kodex AI, a Berlin, Germany-based startup developing AI-powered solutions for the financial industry, raised €1.6M in funding.
The round was led by Signals VC, with participation from Techstars, Deutsche Bank, and angels investors including: Tobias Hann, CEO of Mostly AI; Sabine Bendiek, Board Member at SAP; Verena Rappel, Board Member at Allianz Services; Barney Hussey-Yeo, Founder of Cleo and Karl Moritz Hermann, former data scientist at Google DeepMind.
The company intends to use the funds to expand its development efforts to empower financial professionals with its AI solution, powered by a purpose-built LLM.
Led by Claus Lang, and Thomas Kaiser, Kodex AI is a startup providing AI-powered solutions for the financial industry. Its vision is to develop a copilot tailored to the specific needs of financial services professionals, enabling them to find the right information and make decisions faster.
The software is currently in private beta with select financial institutions and the team anticipates a broader launch later this year.
FinSMEs
13/10/2023Berlin-based startup aims to empower financial professioals with its AI solution, powered by a purpose-built LLM