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Corlytics finalising EUR10 million funding round

Corlytics finalising EUR10 million funding round

Dublin-based regulatory planning company Corlytics is expecting to book a EUR10 million cash injection by the end of the first quarter, after recording its most successful year on record.

The trained AI platform for regulation, combines human expertise with artificial intelligence to measure, predict and calculate regulatory outcomes and impact.

The RegTech company has recently branched out beyond banking to add asset managers, Big Four accountancy players, payments providers, and insurance giants to its client list, tripling year-on-year revenues.

The past year has also seen it pick up €2m in funding from the Disruptive Technologies Innovation Fund administered by Enterprise Ireland.

John Byrne, CEO of Corlytics said, “Over the course of the year we attracted new investors and we are currently finalising a new funding-round of 10 million euros from a number of global funds. This will allow us to continue to globalise our operations, extending the team to 60 including doubling our talented Dublin workforce.”

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