Passion Capital in £1.5m round for Prowler.io
Passion Capital, Amadeus Capital and Singapore's Infocomm Investments have provided a £1.5m seed round for British artificial intelligence startup Prowler.io.
The funding will be used to build a prototype version of Prowler.io's platform. Initially the company will target games developers with its product, with other sectors to follow.
Passion said in a statement it invested in the startup because of the large number of possible areas of use. The London-based VC raised £45m for its second fund in 2015, including a £17.5m commitment from the British Business Bank.
Company
Founded in 2016, Prowler.io is a Cambridge-based startup building artificial intelligence that is self-learning, tunable and autonomous.
The business aims to develop machine learning algorithms that will improve the quality and development speed of artificial intelligence decision making systems.
People
Passion Capital – Eileen Burbidge (partner).
Amadeus Capital – Hermann Hauser (co-founder, partner).
Infocomm Investments – Zach Tan (director).
Prowler.io – Vishal Chatrath (CEO).
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