London-based startup that helps banks extract information and insights using AI and ML raised $37m Series B led by Lakestar and Dawn Capital, with Temasek and Goldman Sachs.
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Eigen closed $37m Series B to help banks extract information and insights using AI
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An industry like finance has many pieces of sensitive data (either because its personal data, or because it’s proprietary to a company and its business), and so there is an ongoing issue of working with AI companies that want to “anonymise” and ingest that data. Companies simply don’t want to do that. Eigen’s system essentially only works on what a company provides, and that stays with the company.
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