ProSapient started in 2018 as a machine-driven expert network. ProSapient has its headquarters in London and a technical development team in the Ukraine. One co-founder and multiple employees previously worked at Coleman Research. The company has grown with a low-cost offering, selling both expert calls and surveys. It has raised funds from angel investors, raising £1.3m in 2017 and £2m in 2019. Consequently, the funding rounds led to the company having 55 shareholders. Many of these investors are currently employed at potential client firms, e.g. a senior private equity partner at consulting firm McKinsey, the banks Jefferies and Citi, and the asset managers MAN GLG and Exodus Point.
The ProSapient expert network is one of the handful of firms outright stating they use AI and machine learning in their work. Other such “machine-driven expert networks” include Xperiti, NewtonX, ENG llc, CleverX, Techspert.io and Atheneum (after its acquisition of Chime Advisors). Prosapient does not have a CTO. The title most similar to it, a Senior Lead Software Engineer, left the firm in April 2020.
ProSapient competitors in the European consulting segment include Dialectica, Guidepoint and Atheneum. The firm has opened an office in Raleigh, North Carolina to serve the Americas, but has struggled with high employee churn.
ProSapient was featured in our expert network benchmarking in June-July 2018. We identified ProSapient as a regional challenger in our review of the 2019 expert network market size. Regional challengers are separated from other smaller expert networks by merit of their growth and/or business model.
Inex One analyzed the machine-driven business model in our AI deepdive from 2019: AI and expert networks. The article discusses the evolution of expert networks and the pros&cons of using machine learning/ statistical models. See more about different expert network models here.