Intelligent AI has secured a £500,000 equity investment from the Cornwall & Isles of Scilly Investment Fund (CIOSIF), from appointed fund manager the FSE Group, as part of a £2m funding round.
The South West software business was established in 2020 by Anthony Peak, and provides a risk underwriting platform for the commercial property insurance sector, incorporating artificial intelligence to aid the decision-maker process for insurers.
Headquartered in Exeter, Intelligent AI plans to use the CIOSIF investment, along with match funding from SuperSeed, the FSE Angel Investor Network and private investors, to set up an operational base in Cornwall, creating 27 new jobs over the next three years.
