London AI platform secures $6.7m of funding to accelerate development

A London AI platform has today announced that it has secured $6.7m of funding from a technology investor.

StreetBees, a ‘human intelligence’ platform, has secured an additional $6.7m of investment from technology investor, TempoCap.

This follows Streetbees’ recent $40m Series B round announced in October which was led by Lakestar, and will aim to accelerate the development of the platform.

The new investment comes in the form of a secondary transaction, and is expected to be a “major draw” for new talent as it drives recruitment and continues its international expansion.

Tugce Bulut, CEO of Streetbees, commented: “As we start an exciting new phase of growth, we felt now was the right time to reward some of our early stakeholders that have contributed to our success so far.

“TempoCap are secondary specialists who have demonstrated their passion for supporting high growth, entrepreneurial businesses, and we look forward to a great partnership.”

Adam Shepherd, investment partner at TempoCap, said: “We are thrilled to partner with StreetBees as it looks to capture the huge opportunity ahead of it.

“Streetbees is leading innovation in the market for customer research, thanks to its unrivalled, searchable database of consumer moments, provided by a large global user base. Its end-to-end technology platform indexes that data so that Streetbees’ consumer-centric clients can enjoy a far deeper understanding of consumer behaviour, allowing those clients to be more agile in responding to rapidly changing customer preferences.

“We believe Streetbees is well positioned to capitalise on its recent compelling market momentum and look forward to working with Tugce and the team to further develop the business.”

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