Augmetec funding news – London-based Augmetec Secures over £2Million in Seed Funding

Oliver Hammond, Partner at Fuel Ventures, says, “We’re so excited to be working with Augmetec. We’ve seen internal investigations within corporations increase significantly as regulation grows and levels of improper conduct increase. As such, corporations are being required to investigate thoroughly and fairly.”

Hammond said,“Progress in AI and automation means we think the time is now to automate and maximise the efficiency to a significant degree in that process, allowing corporations to come to conclusions quicker and more accurately. We think Augmetec is going to revolutionise this industry,”.

Other investors in the round include Swiss fund 14Peaks Capital and three industry angel investors, such as a retired Senior Partner from Kirkland & Ellis, the family office of NetDocuments' original founding team, and the Head of Fraud at Rajah & Tann Singapore.

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It will use the funds to expand its client base, develop its product, and grow internationally. The company also plans to hire new team members in engineering, compliance, operations, and sales.

The funds will help strengthen international partnerships and improve the LEIAA platform with new features. Ethics and compliance investigations have traditionally been slow, expensive, and inconsistent.

About Augmetec

Augmetec is changing the future of internal and regulatory investigations. With over 100 years of combined expertise in law, technology, innovation, and compliance, the company aims to solve the long-standing inefficiencies in these investigations.