Prevalent AI raises $22m to fix the data problem behind failing AI projects
Prevalent AI, a London company that folds hundreds of scattered enterprise data sources into a single queryable graph, has raised $22m from Integrity Growth Partners.
It is the first primary capital the business has taken in nine years of trading, which in the current market counts as an eccentricity.
The company was founded in 2017 by Paul Stokes, its chief executive, and Arun Raj, its chief operating officer, alongside a group with British intelligence heritage. Sir Iain Lobban, Director of GCHQ from 2008 to 2014, is among them.
So is Andrew France, a former Deputy Director for Cyber Defence Operations at the agency who joined Darktrace as chief executive in January 2014, the year after that company was spun out of Mike Lynch’s Invoke Capital.
Prevalent says it has been profitable since its first customer and has never taken growth capital. The one prior change on the cap table came...
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