Uhura Solutions, a low-code contract intelligence platform, announced the closing of $1.8 million in new capital led by SuperSeed Ventures, with participation from Newable Ventures and returning investor South Central. ventures.
Uhura Solutions, a low-code contract intelligence platform, raised $1.8 million in a seed funding round led by SuperSeed Ventures, with participation from Newable Ventures and returning investor South Central Ventures. The London-based company, with an R&D center in Montenegro, plans to use the new funding to expand its operations and grow its team, with a particular focus on business development and engineering.
The company was co-founded by Djuro Stojanovic, Bojan Tesic, Blazo Crvenica and Mladen Markovic, a team of Montenegrin entrepreneurs with deep technical and financial industry knowledge and understanding. A graduate of the Barclays Accelerator powered by Techstars in Tel Aviv, the company is focused on helping global financial services companies automate business processes faster and more accurately.
The company has developed a low-code contract intelligence platform that makes artificial intelligence technology instantly accessible to businesses without deep technical knowledge. The platform addresses a growing AI knowledge gap, one of the biggest challenges for companies looking to use AI technologies. As AI requires advanced skills, it is still extremely difficult for companies to implement AI-based process automation.
Uhura Solutions has implemented a new low-code approach that allows companies to develop their own industry-specific contract intelligence solutions. This approach creates a competitive advantage, making the platform completely “tailor-made” for individual customers, providing the flexibility and customization that many companies seek. Access to sophisticated AI through the low-code platform makes it readily available to automate complex processes that include data classification, extraction, document review, and intelligent analysis. The platform allows businesses to spend fewer resources reviewing and processing large sets of data and documents and more resources solving or improving specific problems that require human intervention.
“We want to unleash human creativity by automating complex business processes. We facilitate and accelerate the development of contract intelligence solutions, enabling more efficient use of resources and time. We see our platform as a gateway to AI, making it easier for those without coding experience to access the benefits of AI,” said Stojanovic, CEO and co-founder of Uhura. Solutions. “AI development is traditionally associated with deep knowledge of programming and advanced knowledge of technology. We want to break down this barrier and enable professionals with domain expertise to build AI solutions, even without programming knowledge.
The company uses state-of-the-art AI, including image and natural language processing technology, to deliver unprecedented accuracy and reduce processing time from hours to seconds. Combined with a low-code approach, this offers multiple benefits to businesses, ranging from increased productivity and efficiency of work processes to saving time and money.
“With Uhura’s platform, companies are taking a big leap forward in the ease of deploying AI to automate complex business processes. We are excited about the promise of the technology and our new partnership with an exceptional group of founders,” said Mads Jensen, Managing Partner of SuperSeed Ventures, which led the round.
Djuro Stojanovic, CEO and co-founder
Uhura Solutions Limited
+44 7493 436985
About Uhura Solutions
Uhura Solutions is an AI solutions provider specializing in contract intelligence. The company has developed a low-code contract intelligence platform that reads and understands contracts and agreements like humans do. The platform addresses manual document processing, a significant challenge that companies regularly face. It offers automation capabilities and can reduce document processing time from hours to seconds.