The strength of our Seedcamp Nation lies in the network dynamics between our portfolio companies, now over 440 strong. A perfect illustration is the recent acquisition of Re:infer by UiPath, two companies we’ve backed from the initial cheque.
Re:infer, from spin-out to exit
When we first met Edward Challis (CEO) and Marius Cobzarenco (CTO) at Seedcamp Week in Berlin in 2015, they were just spinning out of UCL’s world-leading AI research lab. Impressed with their early vision for Re:infer to automate the interpretation of unstructured data and bridge the gap between humans and IT systems, we joined their journey from the first cheque.
Over the past seven years, the company has developed state-of-the-art machine learning and NLP (natural language processing) to enable some of the world’s largest businesses to extract the value hidden in their unstructured communications data across all channels (email, chat, phone calls, tickets, and CRM). Re:infer’s no-code Conversational Data Intelligence platform transforms communications data into structured, actionable data at speed and scale, thus empowering every employee to better understand their customers, collaborate with their colleagues, and automate the most tedious tasks. Re:infer’s roster of customers, includes Deloitte, Natwest, UBS, Deutsche Bank, Accenture and Farfetch.
Now, we are excited to see them join forces with another Seedcamp portfolio company and leader in enterprise automation, NYSE-listed UiPath (PATH). Together, they aim to help customers supercharge their digital transformation efforts! Re:infer’s product capabilities are already available to UiPath customers in private preview.
This partnership perfectly illustrates the power of the Seedcamp Nation, now comprising over 440+ companies.
Our Partner Tom Wilson comments:
“From the moment we met Ed and Marius, we knew they were exceptional talents that we just had to find a way to work with. We feel really lucky to have had the opportunity to partner right at the very beginning of their journey and we’re proud to see Re:infer embark on this next step as they join forces with UiPath.”
Our Director of Brand, Network & Portfolio, Natasha Lytton, emphasizes:
“We always talk about the power of the Seedcamp Nation and how it functions as its own microeconomy, where companies not only learn from one another but also often find their first customers, mentors or employees. To see UiPath and Re:Infer join forces is the ultimate demonstration of this flywheel effect in motion.”
Prior to its acquisition, Re:infer received over $11 m from top-tier investors, including Crane Venture Partners and IP Group. The company also won numerous accolades, including Best AI startup at World Summit AI, Best Innovation at the ISG Automation Summit, and has been recognised as the UK’s AI Innovator by the UK Government and as a Cool Vendor by Garner in 2021.
To learn more about the partnership, read UiPath’s EVP, Product & Engineering Tom Kummert’s statement here.