Multi-million-pound investment will accelerate the development of ethical AI solutions
Trilateral Research has secured a £2.5m investment from specialist growth capital provider Growth Lending to support its daily operations and growth strategy.
Trilateral Research, which investigates ethical AI solutions to address a range of complex social issues, has secured a £2.5m investment from Growth Lending. The funds will facilitate the growth of the business as Trilateral Research accelerates the rollout of ethical AI products, which are designed to tackle complex social issues such as child safeguarding, modern slavery and public health.
The winner of the 2024 “Tech for Good” Award will use the funds to support its significant day-to-day research operations that address some of the world’s most pressing social issues. The capital will also facilitate new team appointments and fuel commercial growth.
The funding will come from Growth Lending – a specialist provider of growth capital for innovative, fast-growing SMEs. The alternative finance provider offers loans starting from £2m and covers a wide range of sectors. With a strong track record in technology, media and telecommunications (TMT) and healthcare, its partnership with Trilateral Research reflects the company’s continued focus on supporting the next generation of high-growth UK businesses.
Kush Wadhwa, Chief Executive at Trilateral Research, commented: “The fundraising journey can often be a complex and time-consuming process, but we have genuinely enjoyed our work with the Growth Lending team. They were incredibly supportive throughout this journey and were immediately transparent about the process, the timings and the key data our team would need to produce.
“While the process itself pushed our team to question our assumptions, it also aided us in validating the core tenets of our mission as we work towards providing shareholder value alongside positive societal impact.”
Katherine Woodfine, Director of Debt Finance at Growth Lending, said: “Supporting innovative businesses is at the heart of the Growth Lending ethos, but knowing that innovation is being used to empower positive social change makes us particularly proud to be a part of Trilateral’s journey. Having been recognised by multiple awards this year alone as an organisation using technology for ‘good’, Kush and the team at Trilateral Research embody this completely.
“We are excited to see how our investment will support the business, as it rolls out its new ethical AI products and continues on an upward growth trajectory.”
The business was introduced to Growth Lending by Funding Nav. Stephen Sacks, Chief Executive of Funding Nav said: “We are proud to be associated with a business that is delivering societal change through ethical AI and specifically with the roll-out of award winning products such as STRIAD:AIR & CESIUM. The team at Trilateral has been amazing to work with and we look forward to a long-term, synergistic relationship.
“I was confident that Growth Lending would be a great partner for Trilateral Research and Katherine, together with Jocelyn and the rest of the team, were fully behind the Trilateral mission from the get go, providing the business with the necessary support and direction to get the deal over the line. Funding Nav looks forward to introducing more deals to Growth Lending in the future.”
This investment marks a significant milestone for Trilateral Research, enabling the company to accelerate its development of ethical AI solutions. With the backing of Growth Lending, this funding will play a crucial role in advancing Trilateral Research’s mission to create technology that not only drives business success but also contributes to addressing some of the most critical societal challenges.
- For more information about Trilateral Research, visit www.trilateralresearch.com
- For more information about growth capital from Growth Lending, get in touch with a member of our expert team
