Irish capital markets tech firm Assiduous has reportedly acquired €1 million in funding.
Assiduous Corp Ltd., an Irish capital markets tech firm, recently revealed that it has secured €1 million in new funding and also unveiled the launch of the Corporate Finance Autopilot.
Assiduous’ Corporate Finance Autopilot, a virtual corporate finance service-as-a-software solution, enabled by the latest AI (artificial intelligence) breakthroughs, bridges the gap between business owners and fast-growing capital markets.
As explained in the announcement, the Corporate Finance Autopilot supports small and medium sized companies getting ready for strategic, financing and liquidity transactions with a complete lifecycle approach.
Via this private investment round, which was reportedly backed by experienced business owners as well as industry executives, with the support of Enterprise Ireland High-Potential Start-Up (HPSU) funding, Assiduous acquired the funding to bring its AI native solution to market and to execute on its product development plans.
The Irish tech firm will also use the proceeds from the funding round to further expand its technical team, in order to take advantage of the latest breakthroughs in agentic AI as well as recruit qualified product and engineering professionals with an interest in applying AI to various use cases.
Having completed the EU co-funded EIT Digital Open Innovation Factory 2024 programme of activities, Assiduous has entered a collab with Euronext Group to enable access for small and medium sized firms to Euronext markets earlier in their lifecycle.
As a constituent of EIT Digital’s Equity Portfolio, Assiduous will now aim to benefit from ongoing support and access to stakeholders in the European innovation ecosystem.
Assiduous was reportedly established by investment bankers Fergal Meegan and Barry Murphy and its head offices are located in NovaUCD in Dublin.
Fergal Meegan, Chief Executive Officer, Assiduous, said:
“Businesses are at a pivotal moment in the application of technology to the provision of professional services. We are only scratching the surface with the value that can be created for business owners from leveraging AI to do more with less. Assiduous is focused on embedding corporate advisory domain expertise at the application layer to unlock the power of foundation models for many more small and medium sized business owners seeking to contemplate, plan and execute high value corporate actions.”
Conor O’Donovan, Head of Start-ups at Enterprise Ireland, said:
“Assiduous is an excellent example of a forward-thinking Irish start-up that is using cutting-edge technology to address a massive unmet market need. The company’s growth plans aligns with Enterprise Ireland’s new five-year strategy Delivering for Ireland, Leading Globally, with a key objective to support and enable SMEs to engage with the start-up ecosystem, to execute financing and strategic transactions and to grow the next generation of Irish multinational corporations.”
Dénes Csiszár, Interim Head of Acceleration and Growth at EIT Digital, said:
“We are pleased that we could provide financial support for Assiduous at a formative stage in its evolution. We are excited about Assiduous’ prospects to solve some of Europe’s critical strategic and financing challenges for SMEs using the latest artificial intelligence innovations. We look forward to witnessing Assiduous’ progress in the coming years as a as a champion for European SMEs and as a shareholder.”