REG - Insig AI Plc - New business win

Insig AiAnnouncement

22/11/2024 07:00

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RNS Number : 2422N  Insig AI Plc  22 November 2024

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22 November 2024

Insig AI plc

 

("Insig AI", the "Company" or the "Group")

 

New business win from existing client following new product offering in AI
solutions

 

Insig AI plc (AIM:INSG), the data science and machine learning solutions
company serving the asset management industry, is pleased to announce that a
London based alternative investment manager with in excess of £100 billion of
assets under management has awarded Insig AI with a contract to migrate its
data into the cloud, enabling its data to be machine-readable for planned and
future AI and machine learning applications and advanced analytics.

The initial contract value is GBP80,000 and is expected to be completed by 31
January 2025.

Richard Bernstein, Insig AI's Chief Executive commented: "In recent months,
within the context of growing interest in AI, we have spent time listening to
the requirements of asset managers. It is clear that nearly all are willing to
embrace AI but lack the in-house expertise to take immediate advantage of what
AI has to offer. This is our data science market opportunity. Today's win is
the first evidence point of our ability to serve this substantial market where
there is a clear business need. I am also pleased to report that this month
has seen a substantial increase in new business leads and meetings from
prospects keen to hear of our solutions. This augurs well for future new
business wins."

 

For further information, please visit www.insg.ai or contact:

 

Insig AI plc

Richard Bernstein, CEO
 
Richard.bernstein@insg.ai

Zeus (Nominated Adviser & Broker)

David Foreman / James
Hornigold
+44 (0) 203 829 5000

 

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