RegTech startup lands funding to simplify compliance reporting

A regulatory technology (RegTech) startup has raised funding in a pre-seed round to expand its mission of simplifying regulatory reporting.

Launched in 2024, Datox AI is a university spinout and was founded by a team of industry experts aiming to streamline compliance efforts with automation.

Datox was advised on the investment by Callum Giliker, senior corporate solicitor at Harper James.

Farrukh Mukhitdinov, founder and CEO of Datox AI said: “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.”

Callum Giliker, senior corporate solicitor at Harper James said: “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.”