Ellisons Advises SolvedBy.Ai on Seed Investment Round and Demerger from WorkTech Group

Ellisons has advised SolvedBy.Ai, a pioneering AI-as-a-Service company, on its successful Seed investment round led by Sir Terry Leahy and Bill Currie, and its strategic demerger from the WorkTech Group.

This significant investment will enable SolvedBy.Ai to expand its team of machine learning engineers, enhance its cutting-edge decision-making solutions and strengthen its thought leadership initiatives with both existing and prospective customers.

Paul Forsyth, Partner and Head of Corporate and Commercial at Ellisons, led the legal team advising SolvedBy.Ai, with support from Abigail Williamson and Adam Kanharn.

Ian Hogg, Chair of the WorkTech Group, said: “Ellisons has been an invaluable partner throughout this process. Their expert guidance ensured the demerger was seamless and their straightforward, pragmatic approach helped us navigate the complexities of the investment round. It has been a pleasure working with the team at Ellisons.”

Abigail Williamson concluded: “Supporting SolvedBy.Ai through this critical phase has been hugely rewarding. Our clear legal advice ensured both the demerger and the investment were executed smoothly and efficiently and we’re excited to see the company thrive as it embarks on this new chapter of success.”