LONDON, June 29, 2018 /PRNewswire/ --
- Service will improve investor knowledge of the AI market to help make more informed investments and improve ROI in a space which is already seeing big returns
- CognitionX has also established the CogX syndicate on AngelList to enable members to co-invest with reputable angels in the best startups in the AI market
- Successful applicants will get a simple and fast way to access early stage AI investment opportunities in the UK
CognitionX has today launched a new service and established an investor syndicate to help boost investment into the UK AI industry and ensure that investment is made in the right places. The "AI Invest" subscription service will help investors improve their understanding of, and connections in, the AI sector before they invest. With investment into the UK's tech sector reaching an all-time high in 2017, attracting £2.99 billion, CognitionX aims to ensure the right investors are investing in the right businesses to move AI forward, drive innovation and deliver real and lasting impact.
British AI entrepreneur and angel William Tunstall-Pedoe said: "It will come as no surprise that investing in any business is a huge risk and can be terrifying at times. We all want to identify the businesses which will truly change the world. But identifying the right start-ups is a perennial problem for potential backers and often that's because it's not always clear what we should be looking for. An industry like AI is moving quickly so that what may be a great investment one day is a bad choice the next. AI is also complex, fragmented, global and is therefore intimidating for many potential backers. Anything which helps to solve this will be very welcome."
Membership to "AI Invest" will allow backers access to CognitionX research papers, which explore the potential of AI across global industry, society and the economy. With AI already having a significant impact on many sectors including healthcare and HR, they will also be able to attend monthly member-only meet-ups to network and meet fellow investors and AI start-ups and SMEs. They will also receive monthly reports into AI developments, and be able to speak 1:1 with AI experts who can provide advice and share knowledge of the sector.
"As the UK continues to be at the forefront of the emerging global Artificial Intelligence sector, access to seed capital is critical to early stage deep tech startups as they refine their research and go to market fit," commented Gerard Grech, CEO of Tech Nation. "But it's vital for the future success of investors, and the start-ups themselves, that when investment is made, it's done with good knowledge of the industry. The success of UK tech relies upon this. It's great to see CognitionX step-up and make the connection, giving investors more qualified AI deal flow while giving early-stage AI companies better access to much needed capital."
To support this service, and to further help drive investment into UK AI, today also marks to launch of the CogX syndicate on AngelList. Those who attended CogX, the festival of all things AI which is run by CognitionX each year, will be invited to join the syndicate which gives potential backers access to AI investment opportunities across the UK. The goal is to create a forum in which investors can co-invest with relevant and reputable angels in the best startups in the AI market.
"AI in the UK is a hugely exciting place to be. As an industry, we have reached a point where technology which was once futuristic is now reality, being implemented in various forms within business and society," commented Charlie Muirhead, CEO and Co-founder of CognitionX. "As such, it's natural that investors are looking for the brightest AI businesses to invest in. They see the likes of DeepMind and BenvolentAI making huge strides and they are right to want to be part of that. Our goal is to open up AI knowledge, make sure investors are experts in the technology, know what they're putting their funds into and what developments to expect to come out of it. We want AI to reach its potential and we've launched "AI Invest" to make that happen."
To find out more, or to sign-up to the "AI Invest" subscription service, please visit https://cognitionx.com/ai-invest/. The first 100 subscribers will be referred to as Founding Members and will receive a second log-in for free. To find out more or to become part of the CogX syndicate, please visit https://angel.co/cogx/syndicate.
About CognitionX: CognitionX is the AI Advice Platform that connects organisations with a global on-demand network of AI experts. The platform allows experts in AI from the around the world to share invaluable expertise with organisations of any size and sector who want to tap into that knowledge. Founded in 2015 by Charlie Muirhead and Tabitha Goldstaub, CognitionX's mission is to bring clarity to, and accelerate adoption of, AI across all organisations from global enterprises to startups, and help ensure a safe and responsible transition to an AI-driven society. Through its freemium model, CognitionX's expert network helps level the playing field, by making scarce AI expertise accessible to all, and provide a new way for experts to monetise their knowledge.
About AngelList: AngelList is a platform the helps startups raise capital from investors and find talent to build their businesses. AngelList Limited is authorised and regulated by the Financial Conduct Authority (No. 629310).