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Plural AI SIGNED

The knowledge engine for finance

Total Cost €

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EC-Contrib. €

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Partnership

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 Plural AI project word cloud

Explore the words cloud of the Plural AI project. It provides you a very rough idea of what is the project "Plural AI" about.

beta    vc    licence    continues    humans    corporate    depleting    fee    strategy    investors    technologically    relationships    gain    revenues    firms    ai    machine    instances    majority    proper    failing    fraud    gamechanger    investments    plan    dependent    forefront    competitiveness    89    financial    share    questions    customers    reduce    reports    unsophisticated    20    follow    annual    pe    data    economic    made    graph    decision    strategic    innovate    science    venture    equity    saas    effort    private    reaching    acquisitions    capital    solution    natural    maximize    powered    decisions    markets    plural    million    billion    banks    generating    investment    time    lasting    companies    position    intensive    arms    model    merger    helping    acquisition    version    market    inaccurate    takes    decisionmaking    fintech    consultancies    lot    human    finance    answers    advisors    global    provides    deals    2024    changing    language    platform    learning    internal   

Project "Plural AI" data sheet

The following table provides information about the project.

Coordinator
PLURAL AI LIMITED 

Organization address
address: EVOLUTION HOUSE ICENI COURT DELFT WAY NORWICH INTERNATIONAL AIRPORT
city: NORFOLK
postcode: NR6 6BB
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Project website https://plural.ai
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-10-01   to  2019-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PLURAL AI LIMITED UK (NORFOLK) coordinator 50˙000.00

Map

 Project objective

Economic growth and competitiveness are dependent on the investment in companies in order for them to innovate and advance. But the majority of merger and acquisitions deals end up failing and depleting the value of the companies involved. This in part because proper analysis and data driven decision are not being made during these deals. The current solution to this problem is human analysis, which takes a lot of time and effort and is very cost intensive. Using natural language processing, machine learning, and knowledge graph technology, Plural AI has developed a beta version of a data science platform for financial analysis capable of generating data driven reports on financial markets and potential acquisition targets. Plural AI is a gamechanger as it provides answers to complex questions and allows humans to focus on decisionmaking and strategy. Corporate finance is still behind technologically, meaning that a lot of their financial analysis continues to be unsophisticated and inaccurate. Plural AI is on the forefront of AI powered financial analysis technology. Plural AI can help to bring corporate finance to the future, helping companies to make better financial decisions. This will position us to gain a share within the €5 billion global AI fintech market. To reach our goal of changing the market and reaching a market share of 5-20% with €89 million revenues by 2024, we plan to follow a SaaS model based on an annual licence fee. Our customers are investors focused on private companies (private equity / venture capital (PE/VC)), strategic investors (internal M&A/corporate development arms of large firms), investment banks and other corporate finance advisors/consultancies. Plural AI’s technology has the potential to reduce instances of fraud in the investment process. It can also help to maximize Europe’s investments and build strong long-lasting relationships between companies.

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The information about "PLURAL AI" are provided by the European Opendata Portal: CORDIS opendata.

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