3 years ago

AI Startup Instill AI Secures £2.9M Seed Funding to Simplify Unstructured Data Analysis

  • London-based AI startup Instill AI has raised £2.9 million ($3.6 million) in a seed funding round led by RTP Global

  • The company, founded in 2020, develops tools to analyze unstructured data like images and text, converting it into a standardized format for AI applications

  • Angel investors include a Google DeepMind director and a former Microsoft M&A advisor

  • The funding will be used to launch a managed cloud version of their currently open-source product and double their team by 2024.

      • ProblemTechnology

      "There exist unstructured data formats that need to be converted into uniform formats to feed into AI applications making it harder to access AI services."

      Solution

      "Instill AI provides tools to analyze images, videos, audio or text - unstructured data - and convert it into a uniform format to feed into AI applications, making machine learning and AI as easy to access as other off-the-shelf cloud services."

      Covered on