Titan VCT portfolio company story:
Unlikely AI aims to make AI more accurate, trustworthy, explainable and safe.
What is Unlikely AI?
The potential for artificial intelligence (AI) has been widely discussed over the last year. Taking a contrarian approach, is London-based deep tech company, Unlikely AI. Aiming to make AI more accurate, trustworthy, explainable and safe, they’re pioneering transformative technology to solve the most pressing issues in society.
Why we like it
Explainable and effective general AI has enormous potential, and we like to stay close to serial founders with a track record of success. The founder of Unlikely AI is deep tech entrepreneur, William Tunstall-Pedoe. He also founded Evi Technologies (formerly known as True Knowledge) whose software formed the basis of the Amazon Alexa and Echo devices.
What our fund managers say
“Evi Technologies was one of the first investments Octopus Ventures made from our Titan fund and it gave us the opportunity to see how unique William’s knowledge and pedigree in AI are. A decade on from Evi’s success, we couldn’t be happier to be working with him again as he and his team build on another world-changing idea.”
-Simon King, Partner at Octopus Ventures
Key risks to remember
Please remember that the value of an investment in Octopus Titan VCT, and any income from it, can fall as well as rise. Investors may not get back the full amount they invest.
Tax treatment depends on individual circumstances end may change in the future. Tax reliefs depend on the VCT maintaining its qualifying status.
VCT shares could fall or rise in value more than other shares listed on the main market of the London Stock Exchange. They may also be harder to sell.
Investors should only subscribe for shares on the basis of information contained in the prospectus and Key Information Document (KID), available on the Titan VCT product page. Company examples are for illustrative purposes only and should not be considered an investment recommendation.
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