Pioneering RegTech firm and UK university spinout Datox AI, has secured strategic investment through a pre-seed round to accelerate its mission to simplify regulatory reporting for financial services firms worldwide.
Founded in 2024, Datox was created by a team of experts with a shared vision of making regulatory compliance efforts effortless and transparent. The company is built on its team’s strong foundation with years of experience in the RegTech sector and more than 40 years’ of combined experience in IT consulting and automation.
With a SaaS-like approach to meeting global regulatory requirements, Datox automates reporting processes, eliminating complexity and empowering financial institutions to meet their obligations with confidence.
Datox AI was advised during the investment process by Harper James’ Senior Corporate Solicitor, Callum Giliker, whose legal expertise provided crucial support in navigating the complexities of securing funding.
The newly secured investment will help Datox grow its operations.
Founder and CEO of Datox AI, Farrukh Mukhitdinov, says:
“At Datox, we believe regulatory compliance should be simple and accessible. This investment helps us expand, innovate, and empower financial institutions with AI-driven automation. Working with Callum at Harper James has been invaluable - his expertise has guided us through scaling a RegTech business. With our dedicated team and cutting-edge technology, we’re redefining how firms approach regulatory reporting, ensuring they stay ahead in a constantly evolving landscape.”
Senior Corporate Solicitor, Callum Giliker, adds:
“It’s always rewarding to support start-ups and university spinouts, helping them take their hard work to the next level. Navigating this stage can be daunting, but we strive to make the process as seamless as possible. It was fantastic working with Farrukh, Ulugbek and the team at Datox. They really are an innovative AI company with a fascinating vision and exciting potential. They clearly communicated their needs and were a pleasure to collaborate with throughout the process."
This successful investment round marks a pivotal step for Datox AI as it continues to develop and refine its AI-powered solutions, ensuring financial institutions worldwide can meet regulatory demands with greater ease and efficiency.
Harper James’ corporate team is a 15-strong group of experienced lawyers with a track record at top UK law firms and in-house roles at major international businesses. Their expertise spans mid-market M&A, venture capital, and strategic corporate transactions, ensuring clients receive commercially focused, risk-aware advice.
With several team members bringing firsthand VC experience, the team supports businesses through all stages of funding rounds—from pre-seed to Series C—helping founders navigate investor negotiations while keeping their growth ambitions on track. This depth of knowledge enables Harper James to drive deals forward efficiently, minimising risk, maximising value, and securing the right outcome for clients.