Funding
Mantic Secures $25M to Enhance AI Forecasting Capabilities
A London-based AI startup called Mantic has successfully closed a $25 million seed funding round aimed at enhancing its capabilities in medium-term forecasting. The round was led by Radical Ventures, with participation from Microsoft’s M12 venture fund and Balderton Capital.
Mantic specializes in what it terms "judgmental forecasting," which focuses on predicting complex, real-world events such as geopolitical shifts and economic changes. This approach combines human-style reasoning with historical data analysis, allowing the AI to make predictions that traditional models often struggle with.
The company gained significant recognition after its AI system outperformed all human participants in the Metaculus Cup, a forecasting competition held in summer 2026. Mantic's AI was only surpassed by another AI competitor, showcasing its advanced predictive capabilities.
Founded in 2024 by Toby Shevlane, a former Google DeepMind scientist, and Ben Day, who holds a PhD in machine learning from Cambridge, Mantic aims to fill the gap in medium-term forecasting. The funding will be used to scale its operations, improve model accuracy, and expand its team.
Mantic has already attracted interest from hedge funds and government agencies, indicating a strong demand for its forecasting services in various sectors, including finance and policy-making.
FAQ
What is Mantic and what does it specialize in?
Mantic is a London-based AI startup that specializes in 'judgmental forecasting,' which focuses on predicting complex, real-world events such as geopolitical shifts and economic changes by combining human-style reasoning with historical data analysis.
How much funding did Mantic secure and who led the funding round?
Mantic secured $25 million in a seed funding round led by Radical Ventures, with participation from Microsoft’s M12 venture fund and Balderton Capital.
What achievement did Mantic's AI system accomplish in the Metaculus Cup?
Mantic's AI system outperformed all human participants in the Metaculus Cup, a forecasting competition held in summer 2026, and was only surpassed by another AI competitor.
What are Mantic's plans for the funding received?
Mantic plans to use the funding to scale its operations, improve model accuracy, and expand its team.
Who founded Mantic and what are their backgrounds?
Mantic was founded in 2024 by Toby Shevlane, a former Google DeepMind scientist, and Ben Day, who holds a PhD in machine learning from Cambridge.