Centuro Global is the latest AI startup to tap into investors and recently raised $4 million due to its use of AI to assist businesses in expanding into new markets. The 16-slide pitch deck used to raise capital was backed by Mercia Asset Management.
Based in London and created in 2018, Centuro Global works to simplify the daunting processes of expanding into different countries, aiding in compliance to local regulations, taxes and intellectual property laws. CEO Zain Ali described the service his company provides as “helping companies plan, launch, and operate anywhere in the world.” With AI technology, Centuro Global is better able to understand what questions its users are asking and tailors its responses accordingly.
The past year has seen a surge in the investments put into early-stage AI startups since the launch of ChatGPT-3 in November, with ElevenLabs, Teton.ai, and DeepRender all having raised rounds this year. Centuro Global’s platform stands out from the competition providing assistance for enterprises and scaleups to move quickly and operate legally in any country.
Revenue for Centuro Global is accrued through both subscriptions and individual services provided on the platform. Mercia Asset Management, who have invested in companies like Blue Prism and nDreams, was the lead investor in this round.
With the new funding,Centuro Global is hoping to make a suite of tools to better support users in areas such as immigration and tax, as well as expanding its marketing team.
Zain Ali is the CEO of Centuro Global, an AI startup located in London. Ali has seen success having helped businesses by tackling complex tasks associated with market expansion, such as legal and local regulations. He strongly believes that growth should go hand-in-hand with compliance to local regulations and will use the company’s platform to ensure enterprises and scaleups can move quickly while following all necessary regulations.
Centuro Global stands out due to its use of AI, making tedious processes simpler and more efficient. Their unique approach has allowed them to recent obtain over $4 million in funding from Mercia Asset Management, and with this now has plans to introduce new tools for its users as well as expanding its marketing team.
