ClearPath AI has raised £1 million in pre-seed funding to launch an artificial intelligence platform for the legal, property, mortgage and wider financial services markets.
The Birmingham-based business has emerged from stealth with more than 20 people working across artificial intelligence, engineering, product and commercial development.
It plans to create a further 20 UK roles in sales, marketing, customer success, product, design and business operations as it expands.
ClearPath was founded by legal technology entrepreneur Rudi Kesic, whose previous company, Lawtech Software Group, was acquired by property data business tmGroup.
The new firm’s central product is ClearPathOS, an AI-based operating system designed for regulated professional services. It supports four specialist products covering legal, property, finance and compliance work.
ClearPath Finance AI is aimed at mortgage brokers, lenders and other financial services firms. Its functions include client engagement, gathering information, handling documentation, progressing cases and managing communications.
The property product is initially focused on estate agencies and is intended to support enquiries, client communications, property information and sales progression.
ClearPath said its products could operate alongside existing customer relationship management, case management and other business systems, allowing firms to introduce the technology without immediately replacing their existing infrastructure.
Kesic said: “The estate agent has a system. The mortgage broker has a system. The lender has a system. The law firm has a system. And the client sits somewhere between all of them.
“I don’t think the fundamental problem is that these industries don’t have enough technology. They have enormous amounts of technology. The problem is that much of it operates independently.
“AI gives us an opportunity to put an intelligent layer across that fragmentation without asking everybody to abandon the systems they already use.
“That’s one of the fundamental ideas behind ClearPath.”
The platform is also intended to connect information and workflows between organisations involved in property transactions where participants give permission. ClearPath said this could reduce repeated requests for information, manual data entry and delays caused by disconnected systems.
Consumers will be able to use a ClearPath app and portal to submit information and documents, communicate with professionals and monitor the progress of a transaction.
Kesic said: “They want somebody to answer them. They want to know what’s happening. They don’t want to provide the same information repeatedly, and they don’t want to spend days wondering whether somebody received an email or what is happening with their transaction.
“AI should make the professional more productive, absolutely. But the client should feel the difference as well.”
The company’s engineering operation is based in Ljubljana, Slovenia, while Birmingham will serve as its main UK commercial hub.
ClearPath said businesses were already testing the platform. It expects to announce customers, integrations and strategic partnerships as it expands deployment over the next six months.
