About Ernest AI
Ernest AI is a company based in London (United Kingdom) founded in 2015 was acquired by Moneyfarm in October 2017.. The company has 2 employees as of July 31, 2017. Ernest AI operates in a competitive market with competitors including Cleo AI, Snoop, Penny, Talkbank and Olivia AI, among others.
- Headquarter London, United Kingdom
- Employees 2 as on 31 Jul, 2017
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Ernest Ltd
- Date of Incorporation 22 Feb, 2019
- Jurisdiction BENFLEET, ESSEX, UNITED KINGDOM
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Funding Insights of Ernest AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Ernest AI
Ernest AI has secured backing from 1 investor. Prominent investors backing the company include Moneyfarm. 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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Platform for investment planning & advisory services
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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 Ernest 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 - Ernest 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 |
Ernest Ai Comparisons
Competitors of Ernest AI
Ernest 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 Cleo AI, Snoop, Penny, Talkbank and Olivia AI, 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 |
Cloud and AI-based chatbots for personal finance management are offered.
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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 |
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| 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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Frequently Asked Questions about Ernest AI
When was Ernest AI founded?
Ernest AI was founded in 2015.
Where is Ernest AI located?
Ernest AI is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
How many employees does Ernest AI have?
As of Jul 31, 2017, the latest employee count at Ernest AI is 2.
What does Ernest AI do?
Ernest was founded in 2015 in London, United Kingdom, within the fintech sector. An AI-powered mobile app serves as a virtual finance assistant, where user spending habits are analyzed to establish and monitor saving goals. Queries on personal finances, such as weekly food expenditures, are addressed. Access is limited to read-only, with no storage of data, communications, or bank credentials. Development persisted as of January 2017, allowing early access registrations.
Who are the top competitors of Ernest AI?
Who are Ernest AI's investors?
Ernest AI has 1 investor. Key investors include Moneyfarm.