intelligentai

Intelligent AI, which has offices in Newquay and Exeter, has developed a digital solution for insurers and property owners to improve the speed, efficiency and accuracy of property risk assessments, leading to reduced costs and more appropriate policies.

AIB is part of a wider £800k raise, led by the British Business Bank Cornwall & Isles of Scilly Investment Fund, managed by The FSE Group.

“We are excited to announce our second investment,” said Jon Bonnick of Angel Investors Bristol. “Intelligent AI uses a combination of AI, digital twins and advanced data analytics, to conduct risk inspections in as little as ten seconds, across millions of properties.”

The company has already secured a multi-million pound UK reseller agreement to take its intelligent platform to market.

“It’s been great to be able to secure such a significant investment from investors within the South West,” said Intelligent AI CEO, Anthony Peake. “From tin mining to data mining, the South West has always been at the forefront of the UK’s innovation in key industries.”

The firm now plans to double its workforce in Cornwall and Devon, bringing on board skilled developers, data scientists, and salespeople among other roles.