– UK, London – causaLens, the London deep tech company delivering the future of AI, has raised a $45m Series A round funding led by Dorilton Ventures and Molten Ventures alongside existing investors Generation Ventures and IQ Capital.
As part of the transaction, Daniel Freeman of Dorilton Ventures has joined the board of directors.
causaLens is the pioneer of Causal AI — the only AI technology that quantifies cause-and-effect relationships to reason alongside humans in a manner that is trustworthy, explainable, and fair.
Causal AI represents a giant leap ahead of current correlation-based AI technologies, which blindly extrapolate historical patterns to forecast the future and are unable to ask counterfactual questions — the ‘what ifs’ that are the foundation of human imagination and creativity. causaLens’s no-code platform delivers far more accurate and reliable results and allows humans and machines to work together for the first time. It is trusted by decision-makers across finance, industry, technology, and government.
CEO and co-founder, Darko Matovski, commented: “Our vision is to create a world in which humans can trust machines with the greatest challenges in the economy, society, and healthcare. Our customers are seeing transformative results with our no-code platform and we now have the resources to bring our platform to everyone.”
Daniel Freeman of Dorilton Ventures said: “AI must take the next step towards causal reasoning to meet its potential in the real world. causaLens is the first to leverage Causal AI to model interventions and enable machine-driven introspection. For example, “How will my portfolio perform if the Fed hikes rates this year?” or “What would our sales have been had we doubled the advertising spend last quarter?” This world-class team has built software with the sophistication to win over serious data scientists and the usability to empower business leaders. Dorilton Ventures is very excited to support causaLens on the next stage of its journey.”
For more information: https://www.causalens.com/
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