Oxford AI startup Astut raises £1.6m in seed funding to tackle unprecedented business crises with explainable AI, co-led by East X Ventures and Sure Valley Ventures.

Astut, an Oxford University spinout, has successfully raised £1.6 million in seed funding aimed at helping organizations navigate crises with its innovative AI technology. The funding round was co-led by East X Ventures and Sure Valley Ventures, with additional participation from the UK Innovation & Science Seed Fund. This investment will enable Astut to strengthen its partnerships and enhance its technology across various sectors. The company focuses on providing explainable decision-making in high-stakes scenarios where historical data is lacking.