GMG Ventures and Hearst Ventures have returned to back the data analytics service, joining financial investors such as Abrdn, which had hitherto concentrated on other asset classes.

UK-based data insights analytics platform Signal AI has closed a $50m series D round featuring media groups Guardian Media Group and Hearst, which participated alongside financial investors.

Investment firms Highland Europe and Aberdeen Investments (Abrdn) co-led the round, which included Redline Capital and MMC Ventures, taking Signal AI’s total funding above the $100m mark. Guardian Media Group (GMG) Ventures and Hearst Ventures respectively represented the corporates in the round.

The post-money valuation was undisclosed but the company’s co-founder and CEO…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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