FlowX.AI, an artificial intelligence enterprise application modernisation platform, has recently announced a substantial boost in its fundraising efforts.
The innovative company managed to raise $35m in a Series A funding round. London-based Dawn Capital, a premier specialist in B2B software investments, spearheaded this significant funding effort. Several other notable investors, including PortfoLion, SeedBlink, and DayOne Capital, also participated in this round.
As a pioneering figure in the financial services sector, FlowX.AI specialises in modernising enterprise applications using artificial intelligence. Since its inception in 2021, the platform has been facilitating the rapid and effective modernisation of enterprise-level applications for large financial institutions, creating substantial returns on investments.
With the freshly secured funds, FlowX.AI plans to propel further product innovation and accelerate global expansion. The FinTech firm is determined to enhance its cutting-edge solution to reach a broader range of clients worldwide.
In addition to its successful fundraising, the company has forged profitable partnerships with several prominent system integrators. In just two years, FlowX.AI has generated hundreds of millions of dollars in ROI for top-tier financial institutions across Europe. Among its high-profile clients are notable names like OTP, Banca Transilvania, and Alpha Bank.
FlowX.AI founder and CEO, Ioan Iacob, shared his thoughts on the company’s recent achievements and future plans. “For a long time, enterprises have been promised useful tools for modernising their business. FlowX.AI addresses this problem.
“We are proud our platform has been consistently enabling customers to accelerate application modernisation… Our Series A funding will allow us to bring to market a number of innovations that will bring AI to enterprise on a large scale, and to expand our geographic footprint.”
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