<article>Australia&#8217;s AI-powered technology firm <a href="https://www.dealstreetasia.com/?s=Ansarada">Ansarada</a> has raised A$24 million ($19 million) in Series A funding round aimed at financing the rollout of its new products.</article>

Australia&#8217;s AI-powered technology firm <a href="https://www.dealstreetasia.com/?s=Ansarada">Ansarada</a> has raised A$24 million ($19 million) in Series A funding round aimed at financing the rollout of its new products.
In a statement, the Sydney-headquartered startup said the fundraising was led by Ellerston Capital and backed by Tempus Partners, Belay Capital, and Australian Ethical Investments.
The Australian firm had tapped investors to meet surging demand for its AI-powered platform, Material Information Platform (MIP), which helps investors, advisors, and corporates identify prospects and close deals.
Ansarada said its user-friendly technology harnesses the power of machine learning to identify risks and opportunities and generate unique insights from more than 20,000 business-critical events worth over $2 trillion.
“The investment will help Ansarada meet surging demand for MIP, which enables businesses and their advisors to improve ongoing operations and eliminate risks, while supporting superior outcomes during business-critical events such as M&amp;A, capital raises, and audits,” the company said.
The funding will also help facilitate further global expansion, adding to the 200 staff operating out of Sydney, Chicago, London, New York, Amsterdam, Frankfurt, Johannesburg, and Hong Kong.
For this fundraising campaign, Ansarada said all advisory fees will be donated to charity projects in Uganda and Nepal via Adara Partners.
“This spirit of innovation has also influenced our breakthrough donation model for corporate advisory services that deliver help to those who need it most and can inspire professionals to serve a greater purpose,” said Sam Riley, CEO of Ansarada.
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The fundraising was led by Ellerston Capital and backed by Tempus Partners, Belay Capital, and Australian Ethical Investments.

Australia’s AI-powered tech firm Ansarada raises $19m Series A

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Australia’s AI-powered tech firm Ansarada raises $19m Series A

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