AI platform Zerve raises €7M in financing round

RDJ advised Irish data science and artificial intelligence (AI) start-up Zerve on its €7M funding round led by Paladin Capital Group with continued support from Elkstone and angel investors. The new financing comes almost a year after the start-up secured $3.8 million in a pre-seed round.

Established in 2021, the Tipperary-headquartered company has developed a cloud-based coding platform that is designed to help data science and development teams collaborate and share outputs more easily, including by simplifying data workflows and speeding up coding cycle times.

Headquartered in Washington D.C, Paladin Capital Group is a global cyber and advanced technology investor that has invested in over 75 companies to date and managed over $2billion of assets.

The RDJ transaction team included Sarah Slevin, Bryan McCarthy and Jack Bergin (Corporate and Commercial).