OSI joined investors including Aioi Nissay Dowa Insurance to bring the University of Oxford enterprise machine learning spinout's overall funding to $24.4m.
Mind Foundry, a UK-based machine learning software spinout of University of Oxford, attracted $13.6m today in a series A round featuring the university and its venture fund Oxford Sciences Innovation.
The round was led by Aioi Nissay Dowa Insurance, a subsidiary of insurance group MS&AD Insurance, and also featured Parkwalk Advisors, part of commercialisation firm IP Group, and Oxford Technology and Innovations EIS Fund.
Founded in 2016, Mind Foundry uses machine learning software to perform data analytics on behalf of enterprises in industries such as finance, engineering and life sciences.
The capital will be used to expand the business. Mind Foundry also hopes to strategically collaborate with its series A investors.
Mind Foundry said it had now raised $24.4m in funding to date.
Parkwalk’s Opportunities Fund invested an undisclosed sum in April 2019, having previously supplied funding in 2017.
Mind Foundry had collected…
