Model ML raises €65 million as its AI beats McKinsey and Bain benchmarks with under-3-minute output checks

Model ML, a London-based AI workflow automation platform for financial services, has secured €65 million in Series A funding. The investment aims to accelerate the company's global expansion and deepen its AI capabilities within the financial sector, showcasing the growing interest in AI-driven solutions in Europe. This round, led by FT Partners, follows closely on the heels of the company's seed funding and launch just a year prior. The funding round saw participation from investors including Y Combinator, QED, and LocalGlobe. Model ML, founded in 2023, focuses on automating the creation of client-ready deliverables using AI, generating outputs in formats like Word, PowerPoint, and Excel. The company's platform allows financial teams to automate the production of documents from trusted data sources. This investment underscores a broader trend of increased funding in AI-driven workflow automation across Europe's financial sector. Other companies like Tines, Nexos.ai, Light, Finary, Allasso, and Grasp have also recently secured significant funding rounds. The impact includes improved efficiency in high-stakes financial workflows and the potential for financial institutions to achieve superior client results. The European financial technology sector is experiencing a surge in AI adoption. With companies across the continent attracting substantial investment, Model ML's success highlights the potential for European firms to lead in the development of innovative AI solutions for the financial industry. This funding is indicative of the rapid advancement in the digital transformation of European finance.