AI investment platform Arkera raises £4m from investors

Artificial intelligence investment company Arkera has raised £4m in a new funding round.

The London-based business will use the investment to develop its machine learning platform and expand its footprint globally.

The round was led by trading firm XTX Markets and Alan Howard, co-founder of hedge fund Brevan Howard.

Other participants included payment solutions company DOCOMO Digital and RitMir Ventures founder Henry Ritchotte.

Arkera was set up in 2015 to help financial institutions increase revenues by equipping clients with the knowledge and confidence to make good investment decisions.

Its app combines financial expertise with AI to directly connect real word events and news to investment products.

Arkera is initially rolling the platform out to the brokerage industry, where it will serve as a virtual sales function.

Vinit Sahni, co-CEO of Arkera, said: “Arkera brings together an expert financial content team with AI to offer relevant and contextualised content matched with investment products.

“There is a niche in the market for artificial intelligence and machine learning to empower clients to make exciting investment decisions.”

Vinit added: This funding round will allow us to scale the technology behind the Arkera platform and expand into new geographies and customer segments.“

DOCOMO Digital chief exec Hiroyuki Sato commented: “We are very focused on collaborating with businesses developing artificial intelligence and machine learning platforms for the DOCOMO Digital portfolio targeted at big data driven digital marketing services.

“This investment underscores our belief in the team and the strategic opportunity for value creation through machine learning in the investment space. We look forward to partnering with Arkera for their next stage of innovation and expansion.”

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