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 AnthropicDealroom has a profile for this one. Try Dealroom →.
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
