AI-powered human communications provider Jaid raises £3 million

AI as a Service solutions provider Jaid has raised £3 million in a seed round led by Sure Valley Ventures
AI-powered human communications provider Jaid raises £3 million

London-based Jaid has raised £3 million in a seed round. The firm offers AI as a Service solutions to businesses to automate a variety of use cases. The investment is aimed at further expanding Jaid’s offer and markets as it targets the US, Europe, and now Asia.

Jaid’s £3 million seed round was led by Sure Valley Ventures, marking the firm’s second investment from its £95 million UK Software Fund, preceded only by Belfast-based RETìníZE.

Jaid’s AIaaS use cases include client service automation, sales automation, payment exception processing, and claims administration processing. And while the robovoice might not make for the quickest or most accurate answer to your query (for now), according to the startup their technology helps businesses reduce costs, improve efficiency, and make data-driven decisions.

The startup counts ClearBank, Syndio, Calastone, and Legal & General amongst its client base.

“We are honored to have the support of Sure Valley Ventures with their deep experience in the market as we continue to grow and scale our business,” commented Jaid CEO Dan Kramer. “This funding gives us the fuel to build on the great work we have done so far, and we are excited about the opportunities it will enable us to pursue. We are committed to delivering innovative solutions that help our clients harness the power of AI so their teams can focus on what matters most.”

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