Aylien Raises €5 Million to Identify and Analyze Risk Events in Real-time in the Financial Services and Risk Intelligence Space Using AI.

Dublin – December 11, 2019Aylien, a leading provider of AI-powered risk intelligence and financial analytics solutions, has announced details of its Series A funding round of €5 million. The latest investment is led by Finch Capital who is joined by existing investors, Atlantic Bridge University Fund, SOSV, and Enterprise Ireland. Finch Capital’s Partner Hans De Back has also joined Aylien’s board of directors.

The latest funding announcement comes after significant growth in 2019 and business partnerships with leaders in the risk and finance space including Microsoft, Aon, and most recently Revolut, the fastest growing fintech company in Europe. 

Aylien’s proprietary Artificial Intelligence ingests, structures, and understands the world’s news in 14 languages from over 160 countries using its proprietary Natural Language Processing and Machine Translation technology. This provides their end-users with advanced discovery and investigation capabilities that allow them to identify and quantify the impact of events that matter to their business often before they break in mainstream media. 

The key use cases for Aylien’s platform include: 

  1. Adverse media screening: Proactively monitoring negative press mentions of individuals and organizations as part of customer on-boarding and regulatory processes.
  2. Event detection: Identifying risk events that occur in real-time and understanding their impact.
  3. Investment platforms: Providing buy/sell signals and investment insights to analysts, asset managers, and retail investors.

“Aylien’s news intelligence solution allows us to provide relevant, timely, and trusted news updates for our wealth and trading customers, that help them make informed decisions when trading in the Revolut app,” said Andre Mohamed, Head of Wealth & Trading at Revolut.

Recent product updates focused on global event detection have greatly enhanced Aylien’s offering in the risk intelligence space, a market that is becoming increasingly reliant on alternative or public data sources for informed risk or opportunity signals. The latest investment will fund additional growth and expansion into the risk intelligence market, as well as the development of a new revenue channel and product line via a user-facing application.

Commenting on the announcement, Parsa Ghaffari, Founder & CEO, Aylien, said: “We’re seeing a big shift towards utilizing alternative sources of data such as news in risk management and finance applications, which have for the most part remained untapped given the complexities of this kind of data. 

The Aylien platform turns the world’s news data into a rich, reliable, and real-time source of information for businesses, that not only helps our customers reduce costs by significantly lowering the amount of human effort required in data collection and event discovery processes, but also generates additional revenues by capturing new information that would have previously been out of their reach.

This new round of funding will enable us to further develop our platform, as well as to expand into the US & UK markets where most of our customers are based. We’re very excited to partner with Finch Capital, who are experts in the FinTech and InsureTech domains.”

Mike Brennan, Principal, Finch Capital said: “Finch Capital are delighted to lead the latest investment round in Aylien and to back such a technically talented team. Aylien have developed world leading Artificial Intelligence and Natural Language Processing technology which we believe has exciting applications across risk management, finance, and intelligence. We anticipate significant growth in AI, comparable to the FinTech wave of the last 5 years, and expect to double down on European AI over the next 3-5 years. We look forward to working closely with Parsa and the team to continue to scale the business globally.”

Dr. Helen McBreen, Investment Director and Aylien Board Director, Atlantic Bridge, said: This investment enables Aylien to continue to expand into new global markets after a successful 2019. The company has achieved strong market growth and very impressive customer adoption, particularly in financial services and risk intelligence markets. I believe Aylien’s highly innovative technology platform is on track to be the category leader in natural language processing technologies. The company is clearly demonstrating that Ireland is an attractive hub to scale high tech artificial intelligence companies and capitalize on valuable research at Irish Universities.



Parsa Ghaffari, CEO & Founder, Aylien parsa@aylien.com

Mike Waldron, VP Marketing, Aylien mike@aylien.com

About Finch Capital: 

Finch Capital is a thematic investor and has built a track record of investing since 2014 in European and South East Asian Financial Technology, AI and IoT companies including Grab, Twisto, Brickblock, Trussle, and Hiber. Finch Capital is a team of 12 investment professionals with a wide entrepreneurial (e.g. Adyen and Arista), investing (e.g. Accel), and industry backgrounds (e.g. Facebook and McKinsey) based out of its offices in Amsterdam, London, and Jakarta. For more information see www.finchcapital.com

About Atlantic Bridge:

Atlantic Bridge is a Global Growth Technology Firm with over €950m under management investing in high growth technology companies and accelerates the scale up of these companies by applying its proprietary Bridge Model into the US, Middle East, and Chinese markets. The firm has investment teams, offices, and extensive networks in Dublin, London, Palo Alto, Munich, Paris, and Beijing. Atlantic Bridge is focused on investments in high growth and disruptive sectors and such as Artificial Intelligence, Computer Visioning, Robotics, Machine Learning, Enterprise Software, and IoT.

About SOSV:

SOSV — The Accelerator VC — is a venture capital firm with $650 AUM operating global accelerator programs: HAX (Shenzhen/San Francisco) for hardware, IndieBio (San Francisco) and RebelBio (London) for life sciences, Chinaccelerator (Shanghai) and MOX (Taipei) for cross-border internet, Food-X (NYC) for the business of food, and dLab (NYC) for blockchain technology. SOSV invests in over 150 companies per year and its two-decade track record puts it in the top 10% of VC funds in the world.