Ulla Technology Secures £500k for AI-Powered Assistant Launch

Deal News | Apr 28, 2025 | Business Cloud

Ulla Technology Secures £500k for AI-Powered Assistant Launch

Ulla Technology Ltd., a London-based firm, has secured £500,000 in private investment to launch its AI-powered meeting management tool, Ulla. This innovative solution is designed to revolutionize how businesses in sectors such as law, government, accounting, and corporate services manage meetings by enhancing productivity and ensuring data privacy. The tool transcribes meetings, identifies speakers, and generates industry-specific summaries while maintaining a high level of data security and confidentiality. Unlike traditional AI tools, Ulla processes all data locally to give users control over their meeting information. With this funding, Ulla aims to expand its reach into the UK and US markets. Ulla is already being utilized by companies like Sterling Law and OpenWeather to improve meeting efficiency and manage data securely.

Sectors

  • Technology
  • Cybersecurity
  • Professional Services

Geography

  • United Kingdom – Ulla Technology Ltd. is a London-based company, and the article mentions its operations and expansion plans within the UK.
  • United States – The expansion plans for Ulla's AI tool include targeting the US market in the coming year.

Industry

  • Technology – The article discusses Ulla Technology Ltd., which is developing an AI-powered meeting management tool. This positions them in the technology sector.
  • Cybersecurity – Ulla emphasizes data security and privacy, highlighting its relevance in the cybersecurity industry.
  • Professional Services – The AI tool is intended for use in law, government, and accounting sectors, placing it within the professional services industry.

Financials

  • £500,000 – The amount of private investment secured by Ulla Technology Ltd. for their AI-powered assistant.

Participants

NameRoleTypeDescription
Ulla Technology Ltd.Target CompanyCompanyA London-based firm developing an AI-powered meeting management tool.
Sterling LawClientCompanyOne of the companies using Ulla's AI-powered meeting tool.
OpenWeatherClientCompanyOne of the companies using Ulla's AI-powered meeting tool.
Schoolgate Accounting ServicesClientCompanyOne of the companies using Ulla's AI-powered meeting tool.
Private InvestorsInvestorEntityThe source of the £500,000 in funding for Ulla Technology Ltd.
Arkadiy UkolovCEOPersonCo-founder and CEO of Ulla Technology Ltd.