Edinburgh, UK – 17-01-2024
Today, the pioneering AI-as-a-Service company SolvedBy.Ai secured investment in a Seed round led by Sir Terry Leahy and Bill Currie as it demerges from the WorkTech Group. This strategic investment will fuel the company’s growth and further its mission to help businesses solve complex problems using advanced artificial intelligence.
The funding round attracted strong interest from existing WorkTech Group investors, along with new partners who bring extensive experience in target markets of SolvedBy.Ai. The capital raised will be directed towards hiring additional machine learning engineers to enhance the company’s cutting-edge decision-making tools, as well as expanding its thought leadership initiatives with current and prospective customers.
“Securing this investment is a testament to the confidence our investors have in SolvedBy.Ai’s potential to lead in the AI-as-a-Service space,” said Edward Hogg, Founder of SolvedBy.Ai. “With this new funding, we are well-positioned to continue our growth trajectory and deliver exceptional returns on investment for our customers.”
SolvedBy.Ai continues to prioritise its efforts in the United Kingdom and Ireland, leveraging its extensive domain expertise to deliver impressive outcomes. However, the company has already begun expanding into the North American and Asian Pacific markets. SolvedBy.Ai remains focused on driving significant results for its customers, and in December marked a record month, with over 5,000 business units across Europe utilising SolvedBy.Ai’s “forecast and decide” technology to make critical operational decisions.
The AI-as-a-Service market is projected to reach $123 billion globally by 2031, and SolvedBy.Ai is poised to capture a significant share of this burgeoning sector. The company’s innovative proof of concept model allows customers to mitigate the risk of AI investment by providing tangible results before committing fully to the technology.
With a prestigious client roster that includes high-profile names such as Boots, William Hill, and Wasabi Sushi & Bento, SolvedBy.Ai has established itself as a trusted partner in the industry. The company was incubated within the WorkTech Group, where it honed its expertise in applying AI to workforce management solutions.
Founded by Edward Hogg and headquartered in Edinburgh with additional offices in London, SolvedBy.Ai boasts a team of 18 skilled professionals, including graduates from the University of Edinburgh and Heriot-Watt University.
“As one of the initial investors in SolvedBy.Ai, I’ve been incredibly impressed by the team’s vision and execution from the very beginning. The decision to separate from the WorkTech Group marks an exciting new chapter for the company, which has already demonstrated strong revenue generation and consistent growth.” Sir Terry Leahy
For more information about SolvedBy.Ai and its innovative solutions, please visit www.solvedby.ai or contact at info@solvedby.ai
