Intelligent AI, an Exeter, England-based company specializing in artificial intelligence solutions for the insurance sector, secured a £800,000 funding round.  

Investors  

The round was led by Cornwall & Isles of Scilly Investment Fund, with participation from Angel Investors Bristol.  

Founded in 2018, Cornwall & Isles of Scilly Investment Fund is a venture capital fund headquartered in Sheffield, United Kingdom. The firm provides a mixture of debt and equity funding to small and medium-sized enterprises in Cornwall and the Isles of Scilly at all stages of their development.  

Intelligent AI Use of Funds  

With the latest funding, the company is set to double its team and broaden its national footprint.  

About Intelligent AI  

Founded in 2020, Intelligent AI has developed a digital solution for insurers and property owners to improve the speed, efficiency, and accuracy of property risk assessments, leading to reduced costs and more appropriate policies. Intelligent AI has offices in Newquay and Exeter and is part of the Tech South West Growth Forge accelerator program. The company has already secured a multi-million pound UK reseller agreement to take its intelligent platform to market.  

Funding Details                 

Company: Intelligent AI Limited  

Raised: £800K                                   

Round: Unknown  

Funding Month: May 2024                                    

Lead Investors: Cornwall & Isles of Scilly Investment Fund   

Additional Investors: Angel Investors Bristol  

Company Website: https://www.intelligentai.co.uk/  

Software Category: Insurance Solutions  

Source: https://businesscloud.co.uk/news/ai-firm-receives-800k-funding-boost/