BlueFlame AI, a generative AI (synthetic intelligence) platform for different funding managers, has raised $5m (£4m), bringing its valuation as much as $50m.
The Collection A funding spherical was oversubscribed by 25 per cent and attracted investments from BlueFlame AI’s community of trade leaders and strategic companions, alongside vital participation from the administration group. The platform, whose purchasers embrace non-public credit score managers, plans to make use of the cash to “proceed its fast tempo of product enhancement”.
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“With this capital, we will stay centered on our core objectives of product innovation and buyer worth as we proceed to push the boundaries of how our purchasers can use AI to scale back time spent on low-value duties and dedicate extra time to delivering outcomes for his or her restricted companions,” mentioned Raj Bakhru, chief govt of BlueFlame AI.
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The platform will proceed to develop new AI use circumstances and applied sciences to reinforce effectivity and streamline information sources for different funding managers. Since launch in October 2023, it now has greater than 20 group members, supporting funding managers with tons of of billions of property underneath administration.
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