Mantic raises $20M to build AI that predicts global events
What's the deal? London-based startup ManticDealroom has a profile for this one. Try Dealroom → has raised $20 million in an early-stage round to build AI systems that forecast global events. Balderton and Canadian fund Radical VenturesDealroom has a profile for this one. Try Dealroom → co-led the round, which valued the company at close to $90 million.
Who else is in? M12, Microsoft's ventures arm, joined the round, and a major news organisation is also said to be an investor. Mantic previously raised a smaller seed round that included Episode1 Ventures, plus angel backing from figures at companies such as Anthropic.
What does it do? Mantic, founded by former Google DeepMind engineer Toby Shevlane and Ben Day, builds so-called superforecasters — AI systems designed to make predictions without human behavioural biases. It emerged from stealth just over a year ago.
Why now? The company made headlines by beating human forecasters in a competition, predicting events from tensions between Donald Trump and Elon Musk to Kemi Badenoch's removal as Conservative party leader. Its pitch lands as geopolitical shocks reshape economies at speed.
The signal: Investor appetite for AI forecasting reflects a broader bet that machines can outpace human judgement on long-term predictions. Microsoft's participation signals that even a niche category is drawing serious strategic capital.
Read more: three.fm
Image credit: Generated with Gemini
