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26th October 2018

Klydo Raises £1m To Codify Innovation

Klydo, the innovation research assistant that uses advanced machine learning technology to help consumer brands accelerate their product innovation, has announced a £1m funding round, led by Episode 1. Paul McNabb, Managing Partner of Episode 1, commented, "this was one of those where everything came together. A strong technical founding team, truly innovative technology and a clear customer use case."  The round, which also included investment from retail and consumer sector specialist True and prominent angel investor William Tunstall-Pedoe (Founder of AI assistant "Evi", acquired by Amazon to create Alexa), will be used to expand the core team and accelerate Klydo's reach in the consumer brand space.

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