CausaLens, a London-based deeptech specializing in causal AI, announced a $45 million fundraising ina Series A round led by Dorilton Ventures and Molten Ventures, formerly Draper Esprit. Existing investors Generation Ventures and IQ Capital, GP Bullhound and other investors also participated in the oversubscribed round. Daniel Freeman of Dorilton Ventures has joined the causaLens board of directors.

Founded on April 1, 2017 by Darko Matovski and Maksim Sipos, causaLens first innovated automated Machine Learning (AutoML) for time series data. This process of automating tedious and iterative Machine Learning model development tasks effectively reduces the time required to get ML models ready for production. In 2020, it launched the first causal AI platform.

The no-code causaLens platform

Current AI technologies rely on correlation, a statistical link between a fact and its effect that does not ask about the interaction of variables. Causality will search for the factor responsible for the effect, and is therefore increasingly used in internal audits to increase the efficiency of missions.

The causaLens platform allows quantifying cause and effect relationships and is thus closer to human reasoning. It is still based on exhaustive automation, which allows it to clean, categorize and track data while associating it with causal models and explainable information. It enables human-machine collaboration and is integrated with decision making. Darko Matovski explains:

“Companies investing in the current form of machine learning, including AutoML, have only been paying to automate a process that integrates curves with data, without understanding the real world. So they move forward by looking at what’s going on behind it. Our platform takes a radically different approach. Causal AI teaches machines to understand cause and effect, a necessary step in developing meaningful artificial intelligence. This allows our platform to operate autonomously at an unprecedented level of abstraction to explain to businesses what decisions to make to achieve their goals.”

CausaLens’ projects

CausaLens came out of stealth mode a year ago, since then its revenue has exploded (over 500% increase). Its clients include leading banks, hedge funds, governments and Fortune 500 companies. The company claims that “After scanning over 50,000 resumes, causaLens has the most successful group of AI scientists and engineers ever assembled to implement causal AI.”

This round of funding will allow it to double its team in 2022 while investing to maintain its competitive technology edge. Darko Matovski concludes:

“Our vision is to create a world in which humans can rely on machines with the biggest hurdles in the economy, society and healthcare. Our customers are seeing transformative results with our platform code-free system and we now have the resources to bring our platform to everyone.”

Translated from CausaLens lève 45 millions de dollars pour poursuivre le développement de sa plateforme d’IA causale