Press Release

Theia Insights raises £5m to innovate AI in investment sector

Thu 14 Mar 2024

Cambridge-based deep tech startup, Theia Insights, has announced a successful £5 million ($6.5 million) fundraising round, led by Silicon Valley’s Unusual Ventures.

This investment will fuel further technological development and commercial deployment across the US and Europe.

Theia Insights, founded by former Amazon Alexa scientist Dr. Ye Tian, aims to deliver foundational artificial intelligence (AI) technologies to the global investment community.

Lars Albright, General Partner at Unusual Ventures, said: “We believe that data infrastructure in the asset management sector will continue to go through substantial change and advancement through the adoption of AI. The shortcomings around legacy industry classification systems and the lack of dynamic insights on risk factors driving investment decisions is a pressing issue.”

Transforming Investment Decisions with Advanced AI

Theia Insights leverages a combination of academic and proprietary research rooted in advanced financial mathematics.

It uses technologies such as AI, machine learning, Natural Language Processing (NLP), and Large Language Models (LLM). These technologies are crucial for investors navigating the complex economic landscape, helping them make informed decisions amidst the fast-paced global economy and information overload.

Dr. Ye Tian, Founder of Theia Insights, shared his vision on how AI can aid decision-making: “We live in the age of data overflow … But good investment decisions require clarity, and that is where AI can play an unrivalled role.”

Tian’s team comprises experts from prestigious institutions and companies, including Nasdaq; Morgan Stanley; Meta; University of California, Berkeley’s Economics Department; Amazon Alexa; Amazon Web Services; and the University of Cambridge’s Computer Science Department.

Strategic Support from Leading Venture Capital Firms

The funding round saw participation from Fidelity International Strategic Ventures and Clocktower Ventures, underscoring the UK’s appeal to US venture capital for innovative technology.

Erik Mostenicky, Principal of Fidelity International Strategic Ventures, said: “Theia Insight’s team’s strong academic expertise in AI and natural language processing uniquely positions them to tackle many technically challenging problems affecting the investment industry, and we are excited to support them on this journey.”

With this financial backing, Theia Insights plans to expand its talent pool and continue developing commercial projects and research initiatives.

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