Accern, an AI-powered real-time forecasting platform, closed a $13 million Series A funding round to expand its customer base and further develop its no-code AI platform.
Fusion Fund led the round with participation from other investors, including Mighty Capital, Allianz Life Ventures, Vectr Fintech Partners, and Viaduct Ventures.
The Accern data-driven platform utilizes AI-powered natural language processing and predictive analytics, and creates a workflow automation and risk management solutions for investment research, credit lending, and financial crimes.
Accern accelerates AI workflows for enterprises with a no-code development platform. Clients use the Accern platform to build and deploy AI solutions powered by adaptive NLP and forecasting features. The company’s clients and strategic partners include Allianz, Jefferies, IBM, Google, and Microsoft.
“Organizations could lose customers, financial gains, and their reputations when they are lagging behind on technology innovation. Accern enables enterprises to increase efficiency by deploying our AI solutions at scale within our no-code AI platform,” says Aroomoogan.
“This round allows us to further democratize AI within enterprises and serve more customers across asset management, banking and now, insurance and fintech.”
Including the latest funding round, Accern has raised $14.5 million to date.
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