Expansion Funds for UK Market Intel Firm AMPLYFI

AI-powered market intelligence firm AMPLYFI has raised a 'significant' amount of funding, which it will use to continue its international expansion and further develop its technology.

With locations in Cardiff, London and Santa Fe, AMPLYFI uses artificial intelligence and machine-driven content analysis to connect structured and unstructured data at scale, summarize them and generate automated market insights. Data for this is sourced from millions of documents a day including company web sites, news, RSS feeds and scientific papers.

The undisclosed amount of funding comes from Innovation Investment Capital (IIC), which launched last year with an initial £50m from Cardiff Capital Region. Paul Teather (pictured), CEO at AMPLYFI, comments: 'We are thrilled that IIC is attracted to AMPLYFI. This investment is a crucial milestone for the business as we look to put our technology in the hands of many more users'.

Web site: www.amplyfi.com .