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BlueFlame AI, a generative AI (synthetic intelligence) platform for different funding managers, has raised $5m (£4m), bringing its valuation as much as $50m.
The Collection A funding spherical was oversubscribed by 25 per cent and attracted investments from BlueFlame AI’s community of business leaders and strategic companions, alongside vital participation from the administration crew. The platform, whose shoppers embrace non-public credit score managers, plans to make use of the cash to “proceed its fast tempo of product enhancement”.
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“With this capital, we are able to stay centered on our core targets of product innovation and buyer worth as we proceed to push the boundaries of how our shoppers can use AI to cut back time spent on low-value duties and commit extra time to delivering outcomes for his or her restricted companions,” mentioned Raj Bakhru, chief govt of BlueFlame AI.
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The platform will proceed to develop new AI use circumstances and applied sciences to reinforce effectivity and streamline knowledge sources for different funding managers. Since launch in October 2023, it now has greater than 20 crew members, supporting funding managers with tons of of billions of belongings below administration.
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