Technology start-up Assiduous Corporation has secured €1m in funding and announced the launch of its Corporate Finance Autopilot product.
Assiduous was founded in 2023 by investment bankers Fergal Meegan and Barry Murphy and is headquartered at NovaUCD in Dublin.
Its Corporate Finance Autopilot is a virtual corporate finance service-as-a-software solution, which is enabled by the latest AI advances, and bridges the gap between business owners and capital markets.
It supports SMEs preparing for strategic, financing and liquidity transactions with a whole of lifecycle approach.
The oversubscribed private investment round was backed by experienced business owners and executives, with the support of Enterprise Ireland High-Potential Start-Up (HPSU) funding.
Assiduous secured the funding to bring its AI native solution to market and to execute on its product development roadmap in 2025 and 2026.
The company said it will also use the funding to expand its technical team, to take advantage of the latest advances in agentic AI and recruit “exceptional product and engineering talent”.
Fergal Meegan, CEO of Assiduous, said that 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,” the CEO said.
“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,” he added.
Conor O’Donovan, Head of Start-ups at Enterprise Ireland, said that 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.
“The company’s growth plans aligns with Enterprise Ireland’s new five-year strategy 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,” he added.
