Signal AI, the UK-founded risk and reputation intelligence platform, has announced a $165m growth equity round led by Battery Ventures. Existing investors Highland Europe, Mercuri, MMC Ventures and Volution will retain minority positions. 

Volution invested in Signal AI in 2020, recognising the company’s potential to redefine how enterprises anticipate and manage risk through AI-driven insight. Since its founding in 2013, Signal AI has scaled into a category leader, now serving more than 650 clients globally, including Diageo, Volvo, Uber and the UK government. Its platform analyses billions of data points across global media, regulation, litigation and social channels to help organisations pre-empt risks and protect reputation. 

Earlier this week, founder and CEO David Benigson marked the milestone by ringing the opening bell at the London Stock Exchange. 

Benigson said: 

“Our AI platform started in a garage and evolved to power the world’s most complex enterprises. Partnering with Battery Ventures – a firm with a 40-year track record of innovation – will accelerate our global growth.” 

James Codling, Managing Partner at Volution, added: 

“Signal AI’s growth story illustrates the strength of UK-founded enterprise software businesses at the global level. Their application of AI to risk and reputation management is highly differentiated and shows how European scale-ups can compete in critical markets. We are proud to continue supporting Signal AI as it moves into this next phase of growth.” 

The new funding will enable the company to accelerate product development, pursue strategic acquisitions and expand across the US, Europe, the Middle East and Africa. 

For further coverage, see the Financial Times here.