A market expected to be worth $2.7 trillion by 2025.
The funding was led by venture capital firm Techstart Ventures with additional investment from other UK tech sector leaders, who will now form a new Gigged.AI advisory board.
They include the company’s chair John Brodie and Warwick Beresford-Jones, co-founders of Aquila Insight; Nick Jones, co-founder of cryptocurrency wallet Zumo; and Grant Fraser, co-founder and CEO of Digitonic.
The company’s AI-driven technology transforms the sourcing of tech talent in the gig economy by giving employers and on-demand talent a way to connect and work together in the post-Covid 19 economy.
Gigged.AI has developed unique algorithms that minimise geographical bias to match the most relevant on-demand talent to a specific statement of work.
The algorithms are claimed to reduce onboarding time by six weeks and enabling projects to deliver faster and within budget.
Gigged.AI was founded by its CEO Rich Wilson, a former senior executive with Gartner, and its Chief Technology Officer Craig Short.
Last April Gigged.AI was awarded a grant from Innovate UK’s Sustainable Innovation Fund to further develop its technology.
Gigged.AI CEO, Rich Wilson, said: “Since our launch in July 2021, the response to our product has surpassed our expectations and confirmed there is a substantial market for our proposition at a time when how we work is changing.
“Techstart and our other prominent investors are the ideal partners to help us scale to reach a much wider audience and further develop our offering to position us at the forefront of the global talent platform industry.”
Calum Forsyth, Investor at Techstart Ventures, stated: We are delighted to back Gigged.AI and join them on their journey to revolutionise how organisations engage with top-tier freelancers.”