Beringea leads £3m series-A for Aistemos

The funding will support the expansion of Aistemos's core product, Cipher, as well as a range of other sector-specific products designed to allow businesses to access data about patented technology more easily.

It will aim its sector-specific products at areas experiencing technology disruption.

The investment is Beringea's fourth this year following MPB, an online marketplace for second-hand photography and film equipment; Poq, a developer of e-commerce apps; and online furniture retailer Mycs.

Company
Founded in 2013 and based in London, Aistemos is a provider of patent analytics software. Its core product, Cipher, uses machine learning and artificial intelligence algorithms to classify, identify, and analyse patents that have traditionally involved IP specialists in a time-consuming process. The firm's customers include BAE Systems, ARM and ABB.

People
Beringea – Eyal Malinger (investment director).
Aistemos – Nigel Swycher (founder, CEO).

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• Topics
• Expansion
• Technology
• UK / Ireland
• Beringea Limited
• United Kingdom