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Mind Foundry, an AI company that spun out of the University of Oxford’s Machine Learning Research Group (MLRG), has raised an additional $13.6 million in Series A funding.

With the new funding, the company has raised a total of $24.4 million to date.

The funding round was led by Aioi Nissay Dowa Insurance (ANDI) of the MS&AD Insurance Group and includes funding from existing investors Parkwalk Advisors, Oxford Sciences Innovation, the University of Oxford, and the Oxford Technology and Innovations EIS Fund.

Mind Foundry aims to create a future where humans and AI work together to solve the world’s most important problems.

After a successful project with ANDI’s UK subsidiary, Insure The Box Limited (ITB), ANDI now plans to make the Mind Foundry platform a core part of their digital transformation strategy across their businesses.

According to the company, this investment is part of a partnership that will accelerate Mind Foundry’s growth in this rapidly evolving industry.

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