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…
