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Belfast artificial intelligence startup Enzai has bagged $4 million (£3.2 million) in funding from a range of seed investors, including the founder of jobs website Indeed.com.
Enzai said it will use the funding to build out its engineering capabilities and support its go-to-market efforts. It will also use the funding to build out its workforce and said it is currently in “hiring mode” across all its divisions.
The seed funding round was led by Berlin-based Cavalry Ventures, alongside existing pre-seed investor Techstart Ventures and angel investors including Paul Forster, founder of Indeed.com; Sam Gill, co-founder of Seedcamp-backed Sylvera; and Alexandre Berriche, founder of Fleet.
Enzai was founded in 2021 by Ryan Donnelly, an AI lawyer, and software engineer Jack Carlisle.
It tracks legal developments in the AI world, ensuring companies which are deploying AI reduce the risk of being caught out by a change in the law. Its team of expert lawyers track AI-focused regulatory developments around the world and responding quickly with new frameworks and features to ensure their customers can stay one step ahead.
“We founded Enzai with a clear vision: to empower organisations to harness the incredible potential of AI, while minimising the risks involved,” Ryan Donnelly, co-founder of Enzai, said. “As AI continues to evolve and permeate every industry, ensuring that it is built and adopted in a responsible, compliant manner has never been more critical.
“This financing fuels our commitment to enable businesses to innovate in AI with confidence, whilst safeguarding against potential pitfalls, and it paves the way for a future where AI drives both progress and responsibility.”
Tom Wilson, Partner at Seedcamp, one of the investors in Enzai, welcomed the partnership.
“We are all dealing with this incredibly powerful new wave of AI technologies,” he said. “At the current rate of development, it is critical that we find ways to harness this development so that it has a positive impact on the world.
“We’re thrilled to support Enzai as one of the first investments from our new Fund VI. The team behind Enzai have identified a really strong way of managing AI risk, and their tech is set to be a foundational part of the AI ecosystem.”
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