Trilateral Research secures GBP £2.5m for ethical AI

Trilateral Research has secured a GBP £2.5 million investment from Growth Lending to advance the development of its ethical AI solutions.

The investment will support Trilateral Research's ongoing efforts to create AI products aimed at addressing complex social issues such as child safeguarding, modern slavery, and public health. The funding aims to facilitate the company's growth, enhance its daily research operations, and enable the recruitment of additional team members.

Trilateral Research has been recognised for its work with the 2024 "Tech for Good" Award. The award highlights the company's commitment to using technology to create societal benefits.

Kush Wadhwa, Chief Executive at Trilateral Research, highlighted the constructive experience of working with Growth Lending during the fundraising process. He noted, "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."

He added, "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, expressed pride in supporting Trilateral Research's mission. "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," she said. "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 introduction to Growth Lending was facilitated by Funding Nav. Stephen Sacks, Chief Executive of Funding Nav, praised the collaboration, stating, "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."

Sacks further commented on the partnership between Trilateral Research and Growth Lending: "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 funding milestone is set to significantly advance Trilateral Research's mission to develop technology that contributes not only to business growth but also to resolving some of the world's critical societal challenges.