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Fortune
Fortune
Chloe Taylor

A.I. company raises record $113 million just a month after being founded—despite having no product ready and only just hiring staff

Close up of woman's hand typing on computer keyboard (Credit: d3sign/Getty Images)

A.I. has fast become the business buzzword of the moment, with major players like Amazon, Google, and Microsoft investing billions as they race to develop the hottest artificial intelligence technology.

For one European company, the A.I. hype helped its founders raise a record 105 million euros ($113.5 million) in its seed round this week—just one month after the company was launched.

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