Congrats to OCC portfolio company Aveni on closing its Series A financing led by Puma Private Equity! The investment will see Aveni scale its offering of AI solutions, including the development of a new financial services specific large language model (with the project team based at the Edinburgh Futures Institute!). We're really excited for the company's roadmap, and delighted to see such a strong syndicate supporting Joseph, Jamie, Lexi (Alexandra) and the wider team. The University of Edinburgh | Edinburgh Innovations
🚨BREAKING NEWS🚨 We're delighted to announce that we have received one of the largest Series A investments in a Scottish business this year, amounting to £11 million. The investment is led by Puma Private Equity with participation from Par Equity, Scottish Enterprise and financial services industry leaders: Lloyds Banking Group and Nationwide Building Society. It'll enable us to build on the success of our existing products, further establishing our presence across the financial services sector and introducing revolutionary technology through the creation of FinLLM, a financial services specific large language model. We're extremely excited about what's coming next and can't wait to share the journey with our new investment partners and the industry. Read more about how this investment will impact the future of AI in FS: https://hubs.la/Q02JbtXt0