AI Startup iGenius Seeks Funding at €1.7 Billion Valuation

London, June 2024 — iGenius, a cutting-edge artificial intelligence startup based in London, has announced its pursuit of new funding at a valuation of €1.7 billion. This ambitious move underscores the significant strides iGenius has made in AI-driven business intelligence and the growing market demand for its innovative solutions.

iGenius specializes in developing advanced AI technologies designed to transform data into actionable insights for businesses. The company’s flagship product, Crystal, leverages machine learning and natural language processing to provide real-time data analysis and decision-making support. This platform aims to democratize access to data intelligence, making sophisticated analytics accessible to all levels of business users.

The latest funding round, expected to attract interest from leading venture capital firms, will be used to expand iGenius’s market reach and accelerate its sales and marketing efforts across Europe and the United States. This strategic investment will also support the company’s ongoing product development and enhancement initiatives.

Founded in 2016 by CEO Uljan Sharka, iGenius has rapidly gained traction in the market, serving a diverse clientele that includes Fortune 500 companies. The company’s AI platform integrates seamlessly with existing business systems, providing a user-friendly interface that allows even non-technical users to harness the power of data-driven insights. This approach has proven particularly effective in enhancing operational efficiency and supporting strategic decision-making processes.

iGenius’s commitment to innovation is evident in its recent partnerships and technological advancements. The company collaborates with prominent investors such as NovaCapital and BlackSheep MadTech Fund, both of which recognize the transformative potential of iGenius’s AI solutions. These partnerships are crucial in driving the company’s mission to empower businesses with human-centric data intelligence products.

As AI technology continues to evolve, iGenius is well-positioned to lead the market in providing cutting-edge business intelligence solutions. The company’s AI platform not only improves data accessibility but also ensures that businesses can respond swiftly to market changes and emerging trends. This capability is increasingly vital in today’s fast-paced and data-driven business environment.

With the new funding, iGenius aims to further solidify its position as a leader in the AI sector, expanding its reach and impact on a global scale. The company’s innovative approach and robust technology platform make it a standout player in the AI industry, poised for continued growth and success.

References

iGenius. (2024). iGenius’ new fundings to expand market reach. Retrieved from https://www.igenius.ai/
PitchBook. (2024). iGenius Company Profile 2024: Valuation, Funding & Investors. Retrieved from https://pitchbook.com/
Silicon Canals. (2024). Milan-based AI scale-up iGenius secures €10M to unlock data potential for businesses. Retrieved from https://siliconcanals.com/