Prevalent AI's investor took a board seat eight months before the $22m raise was announced

The money behind Prevalent AI’s $22 million growth investment went into the London company in two instalments, the first of them eight months before the raise was announced, its Companies House filings show.

Prevalent AI Limited said on 19 August 2026 that it had raised the investment from Integrity Growth Partners, a Los Angeles firm, and described it as the first primary capital raised in the company’s nine-year history. The company gives the figure in US dollars only and has published no sterling equivalent, so any pound version of the number is a conversion made at a rate and on a date it has not stated.

None of this is irregular. Investments routinely complete months before they are announced, and companies commonly time an announcement to a product launch, a hire or a funding milestone rather than to the day the money lands. The filings are the public record of when it landed, and they are what a founder reading a funding announcement can check for themselves.

What the register shows

Prevalent AI Limited is company number 10605045. It was incorporated on 7 February 2017 and its registered office is care of DWF Law LLP at 20 Fenchurch Street in the City of London.

On 21 December 2025 the company filed the appointment of Ryan Anderson as a director, with an appointment date of 12 December 2025. Anderson is named on Integrity Growth Partners’ own site as a managing partner and co-founder of the firm, and he is quoted in the August announcement in that capacity. He is recorded at Companies House as American and resident in the United States.

That same date, 12 December 2025, is the date of a share allotment. The statement of capital following it was filed on 2 February 2026 and records nominal capital of £7.048115. A second statement of capital, filed on 18 August 2026, records an allotment made on 30 July 2026 and nominal capital of £7.238483. The public announcement followed the next day.

Around the first allotment the company rebuilt its share structure. Resolutions filed on 28 December 2025 cover the creation of a new class of shares, the allotment of securities and the adoption of new articles of association, and the articles themselves run to 59 pages. A separate filing on 28 January 2026 records a variation of the rights attached to shares. That sequence, new class, disapplied pre-emption, fresh articles, is the standard shape of a priced institutional round, and it is the part of a deal that shows up on the register long before a press release does. Our explainer on UK cap tables sets out what those documents do, and the board seat that came with it is covered separately.

No company or individual is currently registered as having significant control. Prevalent AI has filed a statement, dated 30 June 2021, that it knows of no registrable person or registrable relevant legal entity. Two of its founding directors, Arun Sundar Rajan Raj and Paul David Leslie Stokes, were each recorded as holding between 25% and 50% of the shares from April 2017 until that date. The register therefore names no controlling owner, and neither the company nor the investor has published the equity split.

Who runs it

Four directors have served since incorporation in February 2017: Andrew Timothy France, Iain Robert Lobban, Arun Sundar Rajan Raj and Paul David Leslie Stokes. GCHQ’s own site lists Sir Iain Lobban as Director GCHQ 2008 to 2014, which is the clearest public support for the company’s description of itself as founded by alumni of the agency.

Gautam Mittal was appointed a director on 2 October 2025 and Joseph Damien Sherry on 13 February 2025. Three directors have left since the start of 2025: Jean-Claude Broido and Derek Adrian Travers Mochan on 13 February 2025, and Harsh Sudheer Mehta, who served from February to September 2025.

On 2 September 2026 the company announced the appointment of Nitin Maini as chief technology officer, saying he was previously senior vice president of engineering at Qualys.

What the company claims

Prevalent AI describes its product as an AI-powered data fabric that cleans, connects and contextualises fragmented enterprise data into what it calls a sovereign knowledge graph, sold into banks, telecoms operators, insurers and critical national infrastructure.

“Large enterprises do not have a shortage of tools or data. They have a shortage of context,” Paul Stokes, co-founder and chief executive, said in the August announcement.

The company says its annual recurring revenue more than doubled over the preceding 12 months, and gives customer examples including an insurer cutting security report generation time by 95% and a banking group improving incident detection by 80%. It publishes no absolute revenue number, so the growth claim cannot be checked against a base. Why investors weigh recurring revenue the way they do is set out in our guide to ARR and MRR.

Integrity Growth Partners said on its own site in December 2025 that it had closed an oversubscribed $220 million fund.