Bulgarian startup Eilla AI has successfully secured $1.5 million in seed funding. The company's platform is designed to streamline and automate repetitive financial tasks, including research, analysis, and document creation, by replicating the work of industry professionals.

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Eilla AI has rapidly grown its user base, serving over 50 M&A banks and VC and PE funds. The funding will be used to expand the team and scale the platform's offerings, signaling the company's commitment to enhancing financial efficiency in markets.

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Eilla AI's founders, who hail from Veliko Tarnovo, Bulgaria, share a background in artificial intelligence and a deep understanding of the financial sector. They have established a base in London while maintaining a presence in Sofia. Their platform tackles the industry's challenges, particularly the time-consuming tasks that junior professionals face.

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By automating data analysis and report generation, Eilla AI aims to free up professionals from repetitive work, ultimately allowing them to focus on more meaningful tasks. The funding will enable Eilla AI to expand its technical team and product offerings while positioning itself for growth in these markets.