Miguel Cordon · · 1 min readUK-based AI company raises $24m from Tencent, RB Capital, others
Decision-making platform Prowler.io raked in US$24 million in a series B round led by RB Capital, Tencent, Mandatum Life, and Pearson. The startup claims the round boosted its valuation to around US$100 million.
Photo credit: piotrkt / 123RF
Amadeus Capital Partners, Atlantic Bridge, Cambridge Innovation Capital, Passion Capital, and SGInnovate also participated in the round.
Founded in 2016, Prowler helps businesses manage logistics and financial decisions as well as allocate resources through its AI-powered platform.
Along with the fresh funds, the startup’s strategic partnerships with the investors will support its recent product expansion efforts, Prowler said in a statement.
“Having initially focused on developing our AI platform, we are excited to be expanding our product offering into new verticals,” said Prowler CEO Vishal Chatrath.
The company is also looking to expand its services into finance, logistics, and education.
Editing by Charmaine de Lazo
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