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Seldon, the machine learning deployment specialist, raised a £7.1m Series A two years after HBSAAL pitch

Investors in this round: Albion VC, Cambridge Innovation Capital, Amadeus Capital Partners, Global Brain and existing shareholders

The Harvard Business School Alumni Angels of London (HBSAAL) would like to congratulate Seldon, a cloud-agnostic machine learning deployment specialist and a previous HBSAAL startup laureate, for their continued success.

Seldon

Alex Housley founded Seldon Technologies Ltd in 2014 with a simple yet ambitious aim: accelerate the adoption of machine learning to solve some of the world’s most challenging problems. The business has seen exciting growth and has built the team to 19, including a new Sales Director (ex Oracle) and a Machine Learning Engineering Director (ex Eigen). Seldon Core, the open-source model serving platform, is seeing strong organic traction including multiple new enterprise customers. In May 2019 Alibi was released, a standalone library for XAI that brings together a variety of leading algorithms with a consistent API and high-quality reference implementations.

Further to the funding raised at the March 2018 HBSAAL pitch event, Seldon closed a $3.4m seed round in December 2018, led by Amadeus Capital alongside Global Brain, Techstars Ventures and other existing investors.

In June 2019, Seldon was nominated at the 2019 UK British Angel Association (UKBAA) Awards under the ‘Best Investment in Deep Tech’ category.

Seldon has now raised a £7.1 million Series A round co-led by AlbionVC and Cambridge Innovation Capital. The round also includes significant participation from existing investors Amadeus Capital Partners and Global Brain, with follow-on investment from other existing shareholders. This funding will be used to accelerate R&D and drive commercial expansion, take Seldon Deploy — a new enterprise solution — to market and double the size of the team over the next 18 months.

The HBS Alumni Angels of London (HBSAAL)

The HBS Alumni Angels of London is a Harvard University affiliated group committed to investing in early stage and growing businesses and supporting the rapidly growing UK and European start-up ecosystem.

Our screening committee, leveraging experts from a wide range of sectors, effectively identifies the best quality deals to share with members at pitch events.

Our educational events combine local seminars and global online webinars, both of which leverage the thought leadership of HBS alumni and faculty.

Our London organisation is part of a global network with other HBS Alumni Angel groups providing access to deals from around the world.

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The Harvard Business School Alumni Angels of London (HBSAAL) is not a venture fund, investment bank, broker/dealer, investment clearinghouse, investment portal, or any other form of investment advisor, and is not registered with the Financial Services Authority.  Any information distributed by HBSAAL, its officers and its members is for information purposes only and is not intended to be, and is not, an endorsement, approval or other recommendation with respect to any securities and/or investments.  Dissemination of information does not constitute an endorsement of the accuracy or adequacy of the information.

Potential or actual investors are responsible for obtaining all necessary information for evaluating the relative merits and risk of an investment, as well as engaging their own investment advisor if deemed to be appropriate.  HBSAAL is not responsible for, and shall have no liability for, any investment decisions.  The entering into of any investment transaction will be with the respective company without involvement of, or participation by, HBSAAL.  Potential or actual investors understand that any investment they may make entails substantial risks and need to be able to bear the complete loss of any such investment.

 

£7.1m

Seldon, the machine learning deployment specialist, raised a £7.1m Series A two years after HBSAAL pitch

Seldon, the machine learning deployment specialist, raised a £7.1m Series A two years after HBSAAL pitch

By Harvard Business Angels19 Nov 2020