Manchester plans to relocate its headquarters to San Francisco following a £2.8 million investment
Zally Announces Move to San Francisco and US Seed Raise
Zally, a revolutionary behavioral AI startup based in Manchester, has announced significant changes and plans for the future. The company, which recently closed a £1.6m pre-seed round of funding, has seen momentum build in recent months.
The funding round, which was oversubscribed by 40%, was supported by Manchester Angels and investors from London. Notable investors include David Webb, the founder of 6point6, who joined Zally as chairman 18 months ago and became executive chairman three months ago. Webb is also an angel investor in the company. Another angel investor is Dan Hibell, a Web3 specialist.
The funds raised will be used to scale Zally's deployments and continue expanding research into behavioral AI. The company's team has already delivered a product that is currently being piloted with partners. The partners will pilot Zally's initial authentication product, zAuth.
In a strategic move, Zally is planning to move its headquarters to San Francisco next month. Despite this move, the company remains committed to keeping and growing its teams in Manchester and London, as well as across the UK through remote roles.
The interest in Zally has been considerable, attracting numerous parties. Zally has secured design partners from financial services, infrastructure, and security for zAuth. This is a testament to the potential of Zally's groundbreaking technology.
As Zally moves into its next phase, it is not just building a company, but also defining a new scientific field of AI. The company aims to begin a seed raise in the United States next month, marking a new chapter in its journey.
Zally's previous success, including its £2.8 million bridge round of funding, has prepared the company for this next step. The company was closed in the same month as 6point6's acquisition, demonstrating the significant potential of Zally's technology.
Webb's involvement with Zally and his successful track record with 6point6, which was acquired by Accenture in December 2023, underscores the confidence in Zally's future. The company is poised for growth and innovation, and its move to San Francisco and upcoming seed raise are exciting steps in this direction.
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