Cambridge, UK – 24th February 2020 – techspert.io, the first AI-driven technology for mapping the world‘s expertise and connecting businesses directly to the source of technical and market insights, has raised £3.76 million Series A funding.
Founded in 2016, techspert.io eliminates the limitations of human-led market research with AI–driven science. Deep search technology uses reinforcement learning models to autonomously crawl online content and data, mapping expertise in real-time and precisely matching specialists to business needs. techspert.io’s connection platform then facilitates knowledge exchange through a one-to-one conversation or focus group.
The investment will support techspert.io’s continuous advancement of its core technology platform, as well as expansion into the U.S. market with the opening of a new office in New York later this year. It will also enable the UK-based startup to build on its existing success within the life sciences and health industries and grow its business with financial services and management consulting companies, who are reliant on access to high-quality expertise to inform critical decision-making.
techspert.io co-founder and Managing Director, Graham Mills, said, “Primary research plays a crucial role in informing the biggest decisions that businesses make; whether considering expansion into a new market, sizing up an acquisition target, or planning new product lines. There is a huge demand for specialist insight to de-risk critical decisions, which is why the market is worth $5bn and growing.“
“Our expert sourcing technology breaks with the limitations of the traditional closed-loop professional networks that businesses have had to rely on to date. With this funding support, we can empower more companies to go beyond who they know, to find who they need.“
The Series A funding round was led by Pan-European VC Nauta Capital and existing investors including Cambridge Angels. techspert.io’s expert search technology is already used by organisations in the life sciences, management consulting and media industries.
“We found the company’s approach in applying deep-tech to solve a global knowledge problem highly compelling. The leadership’s ability to combine strong technical skills with commercial know-how to a large, but static industry, is exactly the type of company we seek to back.”
Carles Ferrer, General Partner, Nauta Capital
Carles Ferrer, Nauta Capital‘s General Partner, who will now join techspert.io’s board, commented, “We found the company’s approach in applying deep-tech to solve a global knowledge problem highly compelling. The leadership’s ability to combine strong technical skills with commercial know-how to a large, but static industry, is exactly the type of company we seek to back.”
techspert.io co-founder and Chief Technology Officer, Hari Jackson added, “Already in possession of the most advanced deep tech offering in the industry, the extra capital afforded by this round enables us to further cement our lead.“
“Our technology can acquire, comprehend, categorise, and index any kind of material on the web. This constructs the most accurate expert profiles based on a profound understanding of the links between the individuals, the institutions with which they are affiliated, online media authored, and the knowledge areas in which they reside.”
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About techspert.io
Founded in 2016 and headquartered in Cambridge, UK, techspert.io is the first AI-driven solution for improving the speed and accuracy of knowledge exchange between the leading global sources of expertise and the business community.
Its deep search technology unlocks the expertise needed to get the biggest business decisions right, analysing billions of global online data points to pinpoint the most qualified and relevant expert on a given subject or domain, no matter how niche.
Backed by investors such as Cambridge Angels and Nauta Capital, techspert.io is used globally by companies across the health, life sciences, finance and investment, legal and marketing sectors to quickly and accurately locate the experts that other networks and platforms simply can’t find. https://techspert.io
About Nauta Capital
Nauta Capital is a pan-European Venture Capital firm investing in early-stage technology companies, with offices in London, Barcelona and Munich. Nauta’s main areas of investment interests include B2B Software propositions, disruptive digital media companies, and enabling technologies for mobile and the Internet. Nauta has €365M million under management and invests in Western Europe. Nauta has led investments in more than 50 companies including Brandwatch, Marfeel, Nextail, Talentry, zenloop, Mercaux, BeMyEye, Geoblink, MishiPay, and Smart Protection. Find out more www.nautacapital.com.