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Wednesday 14 February 2018

Ditto spots £4m for bots

logoIt is spiritually uplifting to learn that Manchester-based startup, Ditto AIvery much embrace(s) the brave new world … but (is) also mindful of the consequences and determined things should always be transparent”. But there is precious little on its website that actually gives any transparency on its AI engine. However, a trawl around the ‘net reveals that the Ditto platform is used to create software advisor bots, which are apparently already deployed in environmental, health and safety (EHS) applications.

Nonetheless, wise heads ‘get it’, as Ditto AI has just completed a £4m funding round led by IP Group and Parkwalk Advisors. If I have followed the trail at Companies House correctly, Ditto AI is the new  (2017) name for Empiricom Technologies, which was established in 1997 by Ditto AI founder Rick Turner. There are also references to IP Group’s prior involvement under its former brand, IP2IPO.

Anyway, it all sounds very exciting – but very opaque.

TechMarketView subscription service clients can read our views on the brave new world of bots in Breaking the Boundaries – Predictions Compendium 2018.

Posted by Anthony Miller at '08:14' - Tagged: funding   startup  

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