Mantic Secures $4M Pre-Seed for AI Event Forecasting

London-based Mantic raised $4 million in pre-seed funding. Episode 1 led the round, with participation from VC tech investor DRW and several angel investors. This funding enables Mantic to advance its AI event forecasting technology.

Mantic was founded by Toby Shevlane, a former Google DeepMind researcher, and Ben Day, who holds a machine learning PhD from Cambridge University. The startup develops artificial intelligence powered tech for judgmental forecasting, aiming to rival elite superforecasters.

Advancing Predictive AI Capabilities

Mantic's technology predicts complex human affairs, including supply chain disruptions and geopolitical shocks. Furthermore, it helps business and political leaders anticipate competitor moves. The system combines flexible reasoning with research for accurate future predictions.

The company enters a market with existing prediction market players like Polymarket and Kalshi. Mantic aims to deliver its AI event forecasting at industrial scale.

This venture capital investment supports Mantic's mission to transform decision-making quality. Its cutting-edge artificial intelligence system provides crucial insights for AI event forecasting.