BenevolentAI raises £40 million financing; receives support of Woodford Investment Management
BenevolentAI, announced today that it has raised £40 million in funding from both existing investors and incoming investor, Woodford Investment Management LLP.
Ken Mulvany, BenevolentAI founder and Chairman commented:
“We’re incredibly proud and excited to receive the support of Neil Woodford, whose vision and trust is respected around the world. Having such strong backing shows the great potential of our approach, which combines cutting-edge artificial intelligence technology with brilliant minds to achieve advances in medical research better and faster than ever before.”
BenevolentAI intends to use the funds to grow its team and further develop its artificial intelligence technology. The latest round of funding makes the company one of the best-funded start-ups in Europe, paving the way for fast-paced growth and groundbreaking achievements in both artificial intelligence and the development of new medicines.