About Cleo AI
Cleo AI is a company based in London (United Kingdom) founded in 2015 by Chitra Akileswaran and Barnaby Hussey Yeo.. Cleo AI has raised $175.49 million across 9 funding rounds from investors including State Bank of India, Balderton Capital and Sofina. Cleo AI operates in a competitive market with competitors including Snoop, Penny, Talkbank, Olivia AI and Mintzip, among others.
- Headquarter London, United Kingdom
- Founders Chitra Akileswaran, Barnaby Hussey Yeo
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cleo Ai Ltd.
- Date of Incorporation 09 Nov, 2015
- Jurisdiction ALTRINCHAM, CHESHIRE, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$175.49 M (USD)
in 9 rounds
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Latest Funding Round
$80 M (USD), Series C
Apr 13, 2022
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Investors
State Bank of India
& 20 more
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Employee Count
Employee Count
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Funding Insights of Cleo AI
Cleo AI has successfully raised a total of $175.49M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $80 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series C — $80.0M
- First Round First Round
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series C - Cleo AI | Valuation | Sofina | |
| Dec, 2020 | Amount | Series B - Cleo AI | Valuation | EQT Ventures | |
| Apr, 2020 | Amount | Series B - Cleo AI | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cleo AI
Cleo AI has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, Balderton Capital and Sofina. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are provided by Sofina to emerging companies.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cleo AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cleo AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cleo Ai Comparisons
Competitors of Cleo AI
Cleo AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Snoop, Penny, Talkbank, Olivia AI and Mintzip, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Expense management for individuals is enabled via a mobile app.
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| domain | founded_year | HQ Location |
Personal expenses are tracked and analyzed via chat-based interface.
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| domain | founded_year | HQ Location |
Provider of a virtual chatbot for finance and commerce
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| domain | founded_year | HQ Location |
Personal finances are managed and optimized by AI-driven insights.
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| domain | founded_year | HQ Location |
Savings and money management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cleo Ai
Frequently Asked Questions about Cleo AI
When was Cleo AI founded?
Cleo AI was founded in 2015.
Where is Cleo AI located?
Cleo AI is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Cleo AI?
Barnaby Hussey Yeo is the current CEO of Cleo AI. They have also founded this company.
Is Cleo AI a funded company?
Cleo AI is a funded company, having raised a total of $175.49M across 9 funding rounds to date. The company's 1st funding round was a Series B of $36.63M, raised on Dec 09, 2015.
What does Cleo AI do?
Cleo AI was founded in 2015 in London, United Kingdom, and operates in the personal finance sector. Cloud-based AI chatbots are provided to assist with expense management, bill payment reminders, and daily spending optimization. Spending habits are analyzed to deliver insights and recommendations for cost savings. Salary advances are also extended to users through an app-based platform compatible with iOS and Android devices.
Who are the top competitors of Cleo AI?
Who are Cleo AI's investors?
Cleo AI has 21 investors. Key investors include State Bank of India, Balderton Capital, Sofina, EQT Ventures, and LocalGlobe.
What is Cleo AI's valuation?
The valuation of Cleo AI is $106.12M as of Apr 2020.
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