Amplyfi is a Cardiff-based start-up that specialises in developing artificial intelligence software. Amplyfi raised £800,000 in an equity funding round led by Finance Wales. This was its second equity funding round following an initial investment from Finance Wales in August 2016. The company says they will use the investment to continue to grow to meet the needs of their rapidly growing client base.
Dr Philip Barnes, Investment Executive at Finance Wales said:
“Amplyfi is a superbly managed company, with a team of high-class Artificial Intelligence and strategy experts. The Company’s strong potential for significant growth and profitability made it a perfect fit for our portfolio. We were pleased to be working with Capital Law again and very glad of Alys’s support throughout the transaction”.
Alys Carlton, our Corporate Partner, said:
“Finance Wales’s investment into Amplyfi was a great deal for Capital to be involved in. The business has some hugely talented people and extremely exciting products. With Finance Wales on board, Amplyfi is well placed to realise its potential”.
