- Fintech AI start-up SuccessData closes investment with SuperSeed to finance growth
- “Dark Data” AI specialist to invest funds into data scientists and machine learning experts
10 June 2019, UK – AI data extraction start-up SuccessData, formerly known as sc.io, has today announced that it has closed a £600k investment round led by B2B startup investor SuperSeed. This investment will allow the start-up to finance the hiring of data scientists and machine learning experts that can drive strategy and the growth of the business. This announcement follows the company relaunching its global brand to reflect its ambitious international growth plans for the European and US markets.
SuccessData uses sophisticated machine learning to automatically turn “dark data” into machine readable assets. The company’s end-to-end integrated workflow solution leverages the latest advances in AI and machine learning to achieve quality results that are unachievable by human
extraction. Specifically, SuccessData has solved the challenge of how to train deep neural networks with limited training data, enabling customers to deploy the solution to many areas where deep learning was not previously applicable.
Previously called sc.io, the company will henceforth be known as SuccessData and has created a new website to reinforce its flexible end-to-end integrated workflow solution. Since launching the powerful data extraction solution to the financial services sector earlier this year, SuccessData has seen rapidly growing demand. The new funding from SuperSeed allows the company to turn that demand into rapid revenue growth.
SuperSeed specialises in investing in ambitious, early stage start-ups that have the potential to substantially transform the way business is done – especially in large enterprises. AI provides the potential for the biggest shift in business practices since the advent of the Internet and SuccessData is dedicated to transforming business practices in the financial services industry and beyond.
Laurent Louvrier, Founder and CEO of SuccessData said, “We are delighted to have experienced such strong customer traction, and to have been able to close this round with SuperSeed as the lead investor. They bring real life hands-on experience in building enterprise software companies and we
are really looking forward to having the team advise us on strategy and future objectives.”
Mads Jensen, Founder and CEO of SuperSeed comments on the investment, “The SuccessData team is highly experienced in both financial services, data science and technology development, with the three founders having more than 60 years of deep industry expertise between them. SuccessData
combines promising technology, a great opportunity and a terrific team, and we are excited for the prospects of the business.”
Issued on behalf of SuccessData by Jargon PR. For more information, please contact Emily John or Hannah
Conway on 01189 739370.
SuccessData, formerly known as sc.io, is a service that uses machine learning to automatically turn “dark” data (unstructured data buried in text, tables or figures which by definition cannot be processed by existing software or analytics platforms) from documents such as reports, regulatory filings, web pages, news articles or legal and commercial contracts into machine readable datasets. sc.io automates complex screening and analysis processes by extracting relevant data points and producing a predefined structured data output, replacing tasks that would otherwise necessitate tremendous human effort. For more information, visit its website: https://scio.technology/
Superseed’s mission is to help ambitious software founders create great software companies – with a particular focus on AI. SuperSeed does that by providing hands-on support and capital that helps start-ups rapidly grow to the first £1m in revenue. SuperSeed is created by experienced software entrepreneurs Mads Jensen and Dan Bowyer, who know from personal experience how to create real customer traction in the form of sales. As investors, SuperSeed’s focus is on helping start-ups create and refine their go-to-market strategies, so they can boost revenue growth and get on the path to building long-term sustainable businesses. For more information, visit its website: https://www.superseed.co.uk/