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UK-based RegTech startup Datox AI, a university spinout dedicated to transforming regulatory compliance, has successfully secured pre-seed funding to accelerate its mission of simplifying regulatory reporting for financial institutions worldwide.
Founded in 2024, Datox AI was established by industry experts with a shared vision of making compliance more transparent and efficient. With a combined experience of over 40 years in IT consulting, automation, and RegTech solutions, the team aims to leverage AI-driven automation to revolutionize regulatory reporting.
By adopting a SaaS-driven approach, Datox AI streamlines compliance processes, reducing complexity and enabling financial institutions to meet regulatory requirements with confidence. The startup’s AI-powered platform is designed to automate reporting tasks, ensuring accuracy, efficiency, and adaptability in an ever-evolving regulatory landscape.
The pre-seed funding round was supported by Harper James, with Senior Corporate Solicitor Callum Giliker providing strategic legal guidance to facilitate the investment process. His expertise helped Datox AI navigate the complexities of securing early-stage funding.
Farrukh Mukhitdinov, Founder and CEO of Datox AI, stated:
“At Datox, we believe regulatory compliance should be effortless and accessible. This investment will allow us to scale, innovate, and empower financial institutions with AI-driven automation. Working with Callum and the Harper James team has been invaluable in helping us navigate the growth of a RegTech business. With our expertise and cutting-edge technology, we are redefining how firms approach regulatory reporting, ensuring they remain ahead in a dynamic industry.”Callum Giliker, Senior Corporate Solicitor at Harper James, commented:
“Supporting startups and university spinouts is always rewarding, and guiding Datox AI through this stage has been a pleasure. Farrukh, Ulugbek, and their team have built an innovative AI company with a compelling vision and strong growth potential. Their clear communication and forward-thinking approach made the investment process seamless, and we look forward to seeing Datox AI thrive in the RegTech space.”
This funding marks a significant milestone for Datox AI as it continues to refine its AI-powered solutions, helping financial institutions streamline compliance processes with greater ease and efficiency.
Harper James’ corporate team, comprised of experienced lawyers with backgrounds in top UK firms and international businesses, played a crucial role in facilitating this investment. Specializing in venture capital, corporate transactions, and strategic advisory, they help startups and scaleups navigate funding rounds, from pre-seed to Series C, ensuring sustainable growth and investor alignment.
With this latest investment, Datox AI is poised to drive further innovation in RegTech, reinforcing its commitment to compliance automation and regulatory intelligence for financial institutions worldwide.
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