US-based Ansarada said that it has raised $18 million in Series A funding to accelerate expansion in the United States and EMEA. With this investment, Ansarada will meet surging demand for its Material Information Platform (MIP) that enables businesses and their advisors to improve ongoing operations and eliminate risks. This capital raise was led by Ellerston Capital, alongside Tempus Partners, Belay Capital and Australian Ethical Investments.
“Ansarada has grown fast to become the go-to platform for companies in executing their most important transactions, like mergers and acquisitions,” said David Leslie, investment director of Ellerston Ventures. “Ansarada’s new innovations and products build on their impressive experience to deliver value to any company in the world. Ellerston’s investment will help Ansarada capitalize on the global demand for their solution, and accelerate the company’s pace of product innovation.”
Ansarada recently launched its AI-powered MIP for advisors, investors and companies to unify critical information scattered across silos and provide an overview of business performance. Ansarada claims that its technology harnesses the power of machine learning to identify risks and opportunities and generate unique insights from more than 20,000 business-critical events worth over $2 trillion.
“Ansarada’s high-value products enable companies to significantly enhance how they manage critical corporate information around material events,” said Alister Coleman from Tempus Partners. “In an increasingly global environment, where data and information security is paramount, Ansarada enables companies to optimize and share their most important information securely. Tempus Partners is excited to back a great founding team as they plot Ansarada’s next wave of product development and global growth.”
“Global titans from Google to PwC have seen first-hand how Ansarada technology unites information and artificial intelligence to help business flourish,” said Sam Riley, CEO of Ansarada. “Ansarada is honored to team up with some of the biggest names in dealmaking to help more companies seize opportunities in today’s fast-moving market. This spirit of innovation has also influenced our breakthrough donation model for corporate advisory services that delivers help to those who need it most and can inspire professionals to serve a greater purpose.”