U.K.-based recruitment startup Fifth Dimension has raised £2.3 million ($2.8 million) in pre-seed funding as its AI ‘co-partner’ product Ellie exits its pilot phase, according to a statement from the company.

Ellie uses machine learning to automate workflows in industries that have to deal with large data flows like real estate. It can deal with documents and can adapt to various data sets across different sectors.

It uses large language models to reduce the length of time-consuming and repetitive tasks and to improve the process of reviewing large quantities of information that are within different documents, to produce the required outputs much more quickly.

Ellie was launched as a pilot scheme in April and it has been taken on by a number of major real estate companies, including Hamptons.

Fifth Dimension was only set up in January this year by Johnny Morris (LinkedIn profile) and Dr Kate Jarvis (LinkedIn profile), who is an expert in large language models, has a PhD in Linguistics from Stanford University and has spent the last 12 years designing machine learning-powered products and bringing them to market. Morris was previously analytics director at U.K. estate agency group Countrywide.

The pre-seed investment round was co-led by Anthemis’ Female Innovators Lab Fund and Seedcamp. The funds will be used to scale the businesses sales and marketing functions, focus on product development and to enhance the tool’s capabilities for its increasing audience within the real estate sector.

“We are on a mission to redefine the world of work, beginning with the real estate industry,” said CEO Dr Jarvis. “As a result of the pandemic, people want to do work that is impactful, purpose-driven and aligns with their values.

“With Ellie, we are providing real estate professionals with a solution that will lift them out of time-consuming, repetitive and boring work – enabling them to do their best work and lead happier, purposeful, and more fulfilled lives.”

 

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