Faculty AI has secured a 30 million dollar funding round, which is led by Apax Digital Fund and includes the company’s existing investors. The investment is aimed at supporting the firm’s new learning and development programme. It also comes with a new contract to help the British government apply machine learning to its post-Brexit fishing waters.
Apax Digital Fund joins Faculty’s existing investors
Apax Digital Fund is a private equity fund that specializes in growth investments in buyouts. It focuses on four themes: Health, Environment, Economics and Social. In order to invest in companies, Apax works with management teams to identify value creation opportunities during the due diligence phase.
The Apax Digital Fund is a subsidiary of Apax Partners. It invests in global high-growth companies. Founded in 2017, the fund is managed by Mark Beith. Currently, the firm is in the process of closing a deal with the Ontario Teachers’ Pension Plan Board to acquire Carlyle Group’s majority stake in Logoplaste.
Earlier this year, Apax Digital Fund financed Faculty, a British artificial intelligence startup. This investment was led by the Apax Digital Fund and includes the founding engineers of Skype. ADF joins the company’s existing investors.
Apax Partners LLP is a leading global private equity advisory firm. Located at 1 Glategny Esplanade, Royal Bank Place, London, Apax Partners is a member of the Bridges Ventures family of funds.
Apax Digital Fund gives Faculty 350 units of Ether and 50 bitcoins
The Apax Digital Fund is a prestigious name in the artificial intelligence business. As the name implies, it is the fund that is largely responsible for the lion’s share of Faculty’s venture capital funding. One of the fund’s first big bets was to invest PS30 million in the British artificial intelligence company. The aforementioned fund has been an active investor in a variety of high-profile tech companies for quite some time. Besides being a longtime supporter of Microsoft, it has also invested in Red Bull, Virgin Media and the UK’s eponymous tech startup, among others. This latest round of investments is set to cement Faculty’s position as the UK’s leading artificial intelligence provider. Its impressive list of customers includes many of the world’s biggest names in the IT a la carte game. With the likes of its CEO Andrew Brookes at the helm, the company will continue to prove its mettle.
Apax Digital Fund invests in Faculty’s new learning and development programme
The Apax Digital Fund (ADF) has invested PS30 million in Faculty, a British AI startup. The funds will be used to expand the company’s AI-as-a-service model and fund a new learning and development programme.
Besides the funding, ADF also joins existing investors including LocalGlobes and Guardian Media Group Ventures. In addition to its financial muscle, the Apax Digital Fund is led by a seasoned team of professionals. Its partner, Mark Beith, will join the Faculty board of directors.
As for the Apax Digital fund’s other contributions, it has established an MS/MBA joint degree program and a student immigration fund. Both are intended to encourage students from underrepresented backgrounds to attend HBS.
The Apax Digital Fund’s top investment has been its role in Faculty’s new learning and development program. This new program will train students to be experts in artificial intelligence. It will also provide access to the best minds in the business to help Faculty scale up its AI-as-a-service model.
Apax Digital Fund awards contract to help British government apply machine learning to Britain’s post-Brexit fishing waters
Faculty, a technology company that uses machine learning software, has announced its largest investment yet – PS40 million (£30m) from the Apax Digital Fund. This new round of funding will support the company’s expansion into new markets and help it develop commercial talent.
The Apax Digital Fund joins the company’s existing investors – Guardian Media Group Ventures and LocalGlobe. Together, the two companies expect to create around 400 jobs.
The investment will also support the roll out of a new learning and development programme. Founded three years ago by Dr Marc Warner and Andrew Brookes, Faculty has already worked with over 230 customers across five continents. Using machine learning to analyze real-world data, the company applies its platform to help businesses make smarter decisions.
For example, Faculty helped the NHS improve data-driven decision-making, which led to a shift in resources to the most affected areas. Now the company plans to expand its AI as a Service model into other industries.