Newport-based Configur, specialists in data-driven insights and automation, has announced the successful closure of its recent investment round.
The company has raised £772,000, valued at £6 million, from esteemed investors including an increased shareholding for Lord Mervyn Davies, continued support from existing investors and several exciting new Angel Investors.
This financial injection marks a significant milestone for Configur as it aims to revolutionise how businesses leverage AI to make informed decisions and streamline operations. The funds are to be used to strategically scale the growing team of 14 staff across both the South Wales and Liverpool Street, London office to support organisations that are trying to navigate the AI landscape.
Marco Oliver, Configur CEO said, “We are immensely grateful for the trust and support from our existing and new investors. They have all been incredibly supportive, and the funds will enable us to reach a wider audience across our target sectors and use cases. The investment not only validates our vision but significantly enhances our capability to empower more businesses with cutting-edge data and AI solutions.”
Configur has already begun making waves with promising use cases for the Welsh Government, delivering Supply Chain Mapping to support the planned outcomes for the Manufacturing Action Plan, as well as exciting use cases for government, transport, construction, and sports.
The recent funding will further accelerate Configur’s ability to scale, enabling the delivery of bespoke AI solutions that are both accessible and impactful for businesses striving to navigate the complexities of digital optimisation.
“We are committed to pushing the boundaries of what AI can achieve in the business world,” added Josh Evans, CTO of Configur. “Our focus remains on creating intuitive, scalable solutions that not only solve complex challenges but also drive tangible value for our clients.”
As Configur embarks on this exciting phase of growth and innovation, the company remains dedicated to fostering strategic partnerships and exploring new horizons in AI applications to redefine the future of business operations.
Thomas Davies, CEO of Machroes Holdings, added: “We’ve been huge advocates of Configur since their first investment round, and we’re thrilled to be increasing our support and involvement through what I’m sure will be an incredibly exciting and successful year.”
