Aussie brothers’ AI firm worth $120m as big name backers invest
Paul Smith, The Australian Financial Review, 24 June 2024
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.