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Tech business Fluence receives £150,000 boost from Bristol Private Equity Club

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Written by: Hannah Baker | Posted 18 September 2018 16:27

Tech business Fluence receives £150,000 boost from Bristol Private Equity Club

Fluence, the Bristol business using tech to develop new teaching and learning methods, has received a £150,000 funding boost from the Bristol Private Equity Club.

The company, which is a member of the SetSquared accelerator in Bristol, has also appointed Bristol Private Equity Club member Jez Williams as chairman.

Set up in 2016 by David and Jennifer Hore, the injection of capital will enable the business to develop its products and expand.

Jennifer said: “We are leveraging a completely new technology that has never been used in this way before.

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"[Our programme] helps educators detect the strengths and weaknesses of students and identifies why someone achieves the grade they did and what can be done to improve their performance.”

David says the company is looking at ways that systems can be used to help people in a positive, ethical way.

"The funding will enable us to take on more people and to get to market much more quickly."

Jerry Barnes, founder of Bristol Private Equity Club, added: “Fluence is exactly the sort of business we like to invest in as our funds can make a real difference at this stage of its development.

"It is a leading-edge business in Artificial Intelligence but with a real practical focus on the products it wants to develop.”

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