Financial Briefs, May 24, 2019

May 24, 2019 | Volume 50, Number 11

Artificial intelligence platform provider company Prowler.io (Cambridge, England) has been valued at $100 million following a funding round in May involving a group of investors that includes Chinese technology company Tencent Holdings and Pearson (London/New York). The prowler platform is used to make a variety of business decisions. Tencent led the round that is providing $24 million in new funding with participation from Pearson and others including Amadeus Capital Partners, Atlantic Bridge, Cambridge Innovation Capital, Mandatum Life, Passion Capital, RB Capital and Singapore Innovate. The AI company said it will use the money to launch products and move into new industry areas, including education. Founded in 2016, Prowler has 110 employees. It had previously raised $15 million in venture capital.

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