Posted on July 2, 2019 by staff

London AI analytics firm Over-C raises £5.5m


AI-powered analytics firm Over-C has raised £5.5m in investment.

The round, led by investment firm Ingenious, is designed to further the firms AI capabilities as it seeks to provide insights and decision making software to business.

It brings the total raised by the firm to £10m.

Operating across the UK, Ireland and the Netherlands, it provides its solutions to transport operators for rail and airports, shopping centres, stadiums and manufacturers.

It will also further invest in its customer experience and sales growth, and hopes to improve its positive environmental impact by significantly reducing greenhouse gas emissions from properties.

“This new round of investment provides us with a solid platform of capital to scale our business alongside our customers in what is a worldwide market,” said Michael Elliott, Chief Executive Officer at Over-C.

“As demand for our solutions has increased, so has the need to continue accelerating our AI capabilities and address a rapidly growing international customer base.”

Guy Ranawake, Investment Director at Ingenious added: “Over-C has created and developed a management tool designed to improve mobile and field-based business processes and remote workforce operations.

“As an active investor and manager, we are delighted to support this award-winning company, setting new standards for managing operational performance. We look forward to working closely with Over-C to delivering solutions at scale.”