A GLASGOW based artificial intelligence (A.I) firm has closed an investment round of £600,000 to sustain its growth.
Digital Talent Marketplace, Gigged.AI, are utalising the investment to double their team from seven to 14 colleagues, with focus on building its sales and customer success teams.
The technology start-up will also invest in further developing its technology for future product launches as it targets growth across the talent platform industry.
A market expected to be worth $2.7 trillion by 2025.
The funding was led by venture capital firm Techstart Ventures with additional investment from other UK tech sector leaders, who will now form a new Gigged.AI advisory board.
They include the company’s chair John Brodie and Warwick Beresford-Jones, co-founders of Aquila Insight; Nick Jones, co-founder of cryptocurrency wallet Zumo; and Grant Fraser, co-founder and CEO of Digitonic.
The company’s AI-pushed technology transforms the sourcing of tech talent in the gig economy by giving employers and on-need talent a way to connect and work together in the post-Covid 19 economy.
Gigged.AI has developed rare algorithms that minimise geographical bias to match the most applicable on-need talent to a specific statement of work.
The algorithms are claimed to reduce onboarding time by six weeks and enabling projects to deliver faster and within budget.
Gigged.AI was established by its CEO high Wilson, a former senior executive with Gartner, and its Chief Technology Officer Craig Short.
Last April Gigged.AI was awarded a grant from original UK’s Sustainable Innovation Fund to further develop its technology.
Gigged.AI CEO, high Wilson, said: “Since our set afloat in July 2021, the response to our product has surpassed our expectations and confirmed there is a substantial market for our proposition at a time when how we work is changing.
“Techstart and our other noticeable investors are the ideal partners to help us extent to reach a much wider audience and further develop our offering to position us at the spotlight of the global talent platform industry.”
Calum Forsyth, Investor at Techstart Ventures, stated: We are delighted to back Gigged.AI and join them on their journey to revolutionise how organisations include with top-tier freelancers.”
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