Listed data science and machine learning solutions company Insig AI has secured a new client win from an asset manager with assets under management of more than £1bn.
The London-based European focused firm that Insig AI has secured specialises in distressed corporate and asset-backed investments.
Insig AI’s team believes that the client win could lead to ‘significant additional work’ in the current year.
The firm, which is also based in London, has had a successful start to 2025, with trading for Q4 2024 and Q1 2025 90% and 210% higher than Q3 and Q2 2024 respectively.
Revenue for Q4 was £249,000, 11.2% above expectations.
Its share price has also risen so far this year, with shares going from 17.5p at the start of the year to 27.4p today.
The company currently has a market cap of £32.62m.
“We are pleased that the outturn for the year to March 2025 has been better than our expectations and delighted that the current year has gotten off to the best possible start,” said Richard Bernstein, Insig AI’s chief executive.
“Our new sales strategy, which we announced last December, is now bearing fruit. Our clearly defined offerings are resonating well with prospects.
“We are also making exciting progress developing new automation tools that leverage our machine-learning and AI capabilities, which we are planning to be able to apply to other verticals.”