Aveni, an Edinburgh, Scotland-based leading NLP expertise fused with engineering excellence, secured a £2.75 million investment to deliver the expansion of its Aveni Detect platform to the financial services and utility markets across the UK.
The funding round was led by The TRICAPITAL Syndicate LLP and Par Equity supported by Scottish Enterprise.
The investment will accelerate Aveni’s growth and see it move beyond financial services into other regulated industries such as utilities while building a team to support rapid UK expansion.
Funding Month: June 2022
Lead Investors: The TRICAPITAL Syndicate LLP and Par Equity
Company Website: https://aveni.ai/
Software Category: AI platform
About the Company: Founded as Hatch AI in 2018 by Joseph Twigg and Lexi Birch, Aveni is a Scotland-based AI platform that offers solutions such as speech analytics, and conversational data management for financial institutions across the United Kingdom. Aveni is an award-winning technology company that specializes in Natural Language Processing for Financial Services and other highly regulated industries. Its platform, Aveni Detect uses the latest advances in AI and Natural Language Processing (NLP) to draw intelligence and automate processes directly from the customer voice and other communications channels. This allows companies to achieve greater efficiencies in quality assurance (QA) while significantly improving client experience, sales performance, staff training, and the ability to identify vulnerable customers. Aveni’s mission is to harness the power of voice to drive deeper insight than ever before.