Copy of Award winning Ethical AI business, Trilateral Research receives a significant loan to help them roll out groundbreaking Responsible AI product
Trilateral Research has grown organically over the past 15 years from a research business into a leader in the area of Responsible AI providing ethical AI software products and services. It has been bootstrapped to date by the Directors who were seeking a venture debt solution to help fund growth while building revenues for an improved valuation ahead of a significant equity raise.
The company retained Funding Nav to advise on the debt raise alongside the subsequent equity raise. Funding Nav introduced Growth Lending and were successful in brokering a deal that offered the company the funding that they needed without any significant dilution for the Directors, repayable over a 5-year term.
Kush Wadhwa, Director of Trilateral Research, commented “Stephen and his team at Funding Nav offered us a level of support and knowledge that was unrivalled, they delivered what they said they would and we are delighted to continue to work with them in order to raise our Series A.” Wadhwa also said, “Growth Lending have been massively supportive throughout the due diligence process and we look forward to working with them as we continue on our fund-raising journey.”
Stephen Sacks, CEO of Funding Nav commented that, “we are proud to be associated with a company like Trilateral Research which is delivering societal change through ethical AI and specifically with the roll out of award winning products such as STRIAD:AIR & CESIUM.” He went on to say that the team at Trilateral have been amazing to work with and we look forward to a long-term synergistic relationship.”
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4 周Great insights, Stephen! ?? How about implementation challenges?