AI workforce optimisation platform ProFinda has secured a £3m facility from Palatine’s Growth Credit Fund.
The investment, which will form part of a larger equity growth round, will support the company’s market growth in the professional services sector.
Founded in 2011, ProFinda’s platform is used to resource and staff projects by optimising relevant skills and compatible workloads of employees.
“ProFinda is an exceptional AI business disrupting how large organisations best meet their clients’ needs, while ensuring their own staff’s skills and expertise are matched to the most relevant project,” said Ryan Sorby, a partner at Palatine Growth Credit.
“We are therefore thrilled to support its continued growth as it scales its sales and marketing function over the coming months to ensure it maximises the outstanding growth potential for its technology.
The investment is the fifth transaction from the Palatine Growth Credit Fund, which has previously backed StorMagic, BAE Systems spinout Talion, Voly Group and Neighbourly.
“The funding from Palatine Growth Credit comes at an important and exciting time for our business, where having now established the leading foothold in the professional services sector, we’re looking to scale at pace and invest in further market growth,” commented ProFinda founder and chief executive Roger Gorman.
Last week Palatine acquired a majority stake in Atombit Group, a London-based firm specialising in experience intelligence.
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