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5 September 2017

Prowler.io sneaks into $13m series A

Cambridge Innovation Capital has led a series A round for Prowler.io, which uses artificial intelligence to predict complex interactions in dynamic systems.

Author: Thierry Heles, editor

Prowler.io, a UK-based artificial intelligence (AI) technology developer, raised £10m ($13m) in a series A round today led by Cambridge Innovation Capital, the patient capital fund launched by University of Cambridge.

Prowler.io is working on an AI platform that predicts the way actors – such as cars, drones, robots, characters in games and people – in a complex environment influence each other. The technology uses a combination of machine learning, probabilistic modelling and game theory.

The company is initially focusing on applications for game development, autonomous vehicles, drones, robotics and smart cities.

The money will help drive recruitment, boost research activity and accelerate commercialisation efforts. Andrew Williamson, investment director at CIC, will join Prowler’s board of directors.

Prowler previously obtained £1.5m in September 2016 from Infocomm Investments, the investment arm of the Singapore government’s statutory board Infocomm Development Authority, Passion Capital and Amadeus Capital.

The company was co-founded by Dongho Kim, a former post-doctoral research associate at Cambridge’s Department of Engineering, Aleksi Tukiainen, a former master’s student at the same department, and Vishal Chatrath.

Kim and Chatrath previously worked for VocalIQ, a speech-related AI spinout from Cambridge that was acquired by technology company Apple early last year.

Andrew Williamson said: “Prowler.io has assembled a world-class team of researchers to tackle some of the most intractable problems of our age.

“It is hugely exciting that the company is able to capitalise on the expertise in probabilistic modelling, principled machine learning and game theory available in Cambridge. 

“The combination of Prowler.io’s team and technology applied to the important problems they are solving provides a significant commercial opportunity for the company.”

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