Datox AI, a UK-based RegTech firm and university spinout, has secured strategic investment through a pre-seed funding round.
The company specialises in simplifying regulatory reporting for financial services firms by leveraging artificial intelligence and automation.
The investment round was facilitated with legal advisory support from Harper James, particularly senior corporate solicitor Callum Giliker. The amount raised and details of the investors were not disclosed.
Founded in 2024 by a team of industry experts, Datox AI aims to transform compliance efforts into a seamless, transparent process. With a combined experience of over 40 years in IT consulting and automation, the company has developed an AI-driven SaaS solution designed to eliminate complexity in regulatory reporting.
The fresh investment will be used to expand Datox AI’s operations, focusing on innovation and scaling its AI-powered solutions. The company’s goal is to empower financial institutions to meet evolving regulatory requirements with greater efficiency and confidence.
Datox AI founder and CEO Farrukh Mukhitdinov said, “At Datox, we believe regulatory compliance should be simple and accessible. This investment helps us expand, innovate, and empower financial institutions with AI-driven automation. Working with Callum at Harper James has been invaluable – his expertise has guided us through scaling a RegTech business. With our dedicated team and cutting-edge technology, we’re redefining how firms approach regulatory reporting, ensuring they stay ahead in a constantly evolving landscape.”
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