Cerebreon the Irish deep learning startup raises £1.5m in seed funding
by Startacus Admin
£1.5m seed funding raised by innovative startup that's helping to predict and prevent insolvency...
Good news for Cerebreon, the insolvency technology startup with the announcement that they have raised £1.5m in seed funding in a bid to scale support to the UK's most vulnerable consumers to avoid bankruptcy. 
The Irish startup is working with consumers, financial institutions and insolvency practitioners, to deploy their deep learning platform to help predict and prevent insolvency ahead of time.
Gillian Doyle, Cerebreon CEO, said, "Our mission is to support the most vulnerable people in society to help them to avoid insolvency. Unsecured personal debt was measured at £3.6Bn - with the COVID-19 outbreak UK families are taking on increasing levels of debt to survive."
She went on to say, "By supplying data, debt insight and insolvency predictions to creditors as well as the insolvency industry, we can have a direct and positive effect on financial wellbeing and ultimately survival as a result of breaks in family incomes."
Since being selected to take part in Accenture's Fintech Innovation Lab, the startup has had unrivalled access to key staff in some of the largest financial institutions.
Former BlackRock Managing Director, Scott Condron, commented, "Cerebreon has identified how digitization and data can be used to fundamentally alter the outcomes for debt distressed consumers, allowing more to emerge from insolvency and increasing recovery rates for creditors. Tech for good in action."
The £1.5m seed round was led by Delta Partners and supported by HBAN/private Angels, Western Development Commission, Consilience Ventures and Growing Capital.
Kevin Monserrat, Founding Partner at Consilience Ventures, commented, "The current financial crisis makes Cerebreon one of the most important and relevant tech platforms and we are proud to support the acceleration of their support to UK consumers in debt."
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Dogpatch Labs’ First Fridays for Startups comes to Belfast this week with talks from successful founders, mentorship and support for entrepreneurs.
New report reveals the huge impact of Archangels' investments on the Scottish economy in terms of both money generated and jobs created.
.png)
Saas companies and professional services firms on the island of Ireland set to meet at the upcoming SaaStock Conference in Dublin - 100 complimentary tickets available.
Thalamos is a healthtech startup enabling healthcare professionals to provide a swifter, simpler and safer experience for those in need of acute mental healthcare.
The lowdown on Voxblock, the Edinburgh-based startup that has created a new physical format for audiobooks for kids, with no screen, no internet connection, and no need for any apps.
Toqio secures major investment to support further expansion and drive its vision of becoming the world's premier fintech SaaS platform.
Innovate UK KTN’s Sustainable Impact Investment Programme chooses 13 sustainable UK startups striving to change the world
.jpg)
Etihad Airways partners with Aerospace Xelerated and Tawazun Economic Council to seek applications from innovative startups that are working in the digital services and solutions area.
.jpg)
New cross-border collaboration project featuring interactive portal and series of networking events to be delivered by TechIreland and Startacus, with support from InterTradeIreland’s Synergy initiative.
In London later this week and interested in learning how AI can help startups scale? Book your ticket now for this free event from Women in AI featuring a panel of industry experts discussing just that.
Published on: 31st March 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- First Fridays event to link Northern Irish startups with 1,000+ global tech mentors 4th Oct 2022 Dogpatch Labs’ First Fridays for Startups comes to Belfast this week with talks from successful founders, mentorship and support for entrepreneurs.
- Archangels generates up to £1.4bn for Scottish economy 30th Sep 2022 New report reveals the huge impact of Archangels' investments on the Scottish economy in terms of both money generated and jobs created.
- TechIreland & Startacus to host the first Cross-Border B2B Networking Event at SaaStock Conference 30th Sep 2022 Saas companies and professional services firms on the island of Ireland set to meet at the upcoming SaaStock Conference in Dublin - 100 complimentary tickets available.
- TOQIO Secures €20M to be the Platform of Choice for Building New Fintech Solutions 29th Sep 2022 Toqio secures major investment to support further expansion and drive its vision of becoming the world's premier fintech SaaS platform.
