London-based AI startup Filament Syfter has raised $4.8 million in Series A funding to upgrade its data infrastructure in the private equity market. The new round was led by FINTOP Capital, bringing the total investment to $6.5 million.
AI for better deals
Filament Syfter brings together internal and external data for PE and investment banks, using AI to generate actionable insights. It connects CRM, email, documents and open sources into a single system, helping to sort deals faster and more accurately.
Solving the “wrong data – wrong decisions” problem
Many PE firms have CRM systems, but decisions are still made based on “feel”. Filament Syfter aims to activate data and turn it into a real advantage. Its clients include Astorg, Inflexion and Cavendish.
Global plan, strategic approach
The new investment will help Filament Syfter expand into North America and other major markets. Representatives from FINTOP have joined the company’s board of directors. CEO Phil Westcott (formerly of IBM Watson) aims to turn the platform into a “data engine for private equity.”
