Aussie brothers’ AI firm worth $120m as big name backers invest

Melbourne artificial intelligence firm Affinda Group has doubled its valuation in 18 months after closing a funding round raised on a pre-money valuation of $120 million.

The 12-year-old company, run by brothers Ben and Tim Toner, has racked up major law firms and ASX-listed companies as clients for its document comparison software and document processing platform.

Read the full article here: https://www.afr.com/technology/aussie-brothers-ai-firm-worth-120m-as-big-name-backers-invest-20240621-p5jnrk