London-based HR tech startup Distributed has just undergone a capital inflow of €1.7 million in seed round from Fuel Ventures. The startup specialises in tech talent resourcing through artificial intelligence. The funding will be utilised in further developing Distributed’s technology and scale operations.
Mark Pearson, founder of Fuel Ventures stated, “The need for software development is accelerating at an unprecedented rate, which we expect to exceed trillions of spending over the coming decade, and Distributed will be positioned front and centre of this growth. We believe the majority of businesses should focus on their own core competencies and use the Distributed platform to create better digital products for their customers.”