Assiduous has secured €1m in new funding and announced the launch of a new finance service-as-a-software solution, Corporate Finance Autopilot.

The product is intended for small and medium-sized companies preparing for strategic, financing and liquidity transactions with a whole lifecycle approach.

The private investment round was oversubscribed, and Enterprise Ireland contributed funding from its High-Potential Start-Up (HPSU) fund.

The NovaUCD-headquartered company, which was founded in 2023 by experienced investment bankers Fergal Meegan and Barry Murphy, raised the funds in order to bring its AI native solution to market and to execute on its product development roadmap in 2025 and 2026.

Assiduous will also use the funding to expand its technical team, to take advantage of the latest advances in agentic AI and to recruit AI product and engineering talent.

“Businesses are at a pivotal moment in the application of technology to the provision of professional services. We are only scratching the surface with the value that can be created for business owners from leveraging AI to do more with less," said CEO Meegan. 

"Assiduous is focused on embedding corporate advisory domain expertise at the application layer to unlock the power of foundation models for many more small and medium sized business owners seeking to contemplate, plan and execute high value corporate actions.”

The firm raised €500,000 last July to commercialise its AI native advisory engine and recently completed the EU co-founded EIT Digital Open Innovation Factory programme of activities.

Assiduous has also established a strategic collaboration with Euronext Group to facilitate access for small and medium-sized companies to Euronext markets earlier in their lifecycle. 

As a constituent of EIT Digital’s Equity Portfolio, Assiduous will benefit from continued support and access to stakeholders in the European innovation ecosystem.

“Assiduous is an excellent example of a forward-thinking Irish start-up that is using cutting-edge technology to address a massive unmet market need," said Conor O’Donovan, head of start-ups at Enterprise Ireland.

"The company’s growth plans aligns with Enterprise Ireland’s new five-year strategy Delivering for Ireland, Leading Globally, with a key objective to support and enable SMEs to engage with the start-up ecosystem, to execute financing and strategic transactions and to grow the next generation of Irish multinational corporations.”

Dénes Csiszár, interim head of acceleration and growth at EIT Digital, said: “We are pleased that we could provide financial support for Assiduous at a formative stage in its evolution.

"We are excited about Assiduous’ prospects to solve some of Europe’s critical strategic and financing challenges for SMEs using the latest artificial intelligence innovations. We look forward to witnessing Assiduous’ progress in the coming years as a as a champion for European SMEs and as a shareholder.”

Photo: Pictured are Assiduous co-founders, Fergal Meegan and Barry Murphy with Conor O’Donovan, head of start-ups at Enterprise Ireland. (Pic: Leon Farrell/Photocall Ireland)