Category: angel investors

Rohirrim is a Reston, VA-based developer of automation market space designed to create cognitive architectures and artificial intelligence as an entity more than the sum of all its parts. The company’s platform offers domain-aware generative AI purpose-built for the enterprises and focused on delivering outcomes, enabling company teams to access value from proprietary data by securely ingesting and organizing information found in presentations, spreadsheets, proposals, whitepapers, and emails.

Rohirrim was funded $15 million led by Insight Partners with participation from existing angel investor General Purpose Venture Capital. The company intends to use the new investment to build its world-class team and enhance its platform and offering of secured company and task-specific language models.

CEO and co-founder of Rohirrim, Steven Aberle, expressed enthusiasm about the funding’s implications. The significant investment validates their vision and empowers them to expand their research and development efforts. Their goal is to revolutionize how enterprises harness AI, providing intelligent tools that effectively comprehend and create domain-specific content.

Rohirrim’s proprietary technology leverages advanced neural networks and machine learning algorithms honed through extensive training on industry-specific data sets. The resulting AI models possess an unparalleled understanding of various domains, enabling them to generate high-quality content, make predictions, and assist in decision-making processes within those sectors.

The funding injection will predominantly fuel the scaling of Rohirrim’s engineering and research teams, facilitating enhancements to their AI models and the development of new products tailored for enterprise applications. The company aims to bolster its customer support infrastructure to serve a growing client base seeking domain-specific AI solutions.

The demand for AI technologies tailored to specific industries has steadily risen, driven by the need for personalized, efficient, and contextually relevant solutions within enterprises. Rohirrim’s approach stands out for its ability to comprehend the nuances and intricacies of diverse domains, offering a promising avenue for businesses seeking intelligent AI-driven tools.

With this recent investment, Rohirrim is poised to cement its position as a frontrunner in domain-aware generative AI further, poised to revolutionize how enterprises leverage artificial intelligence to drive innovation and efficiency within their respective sectors.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Vivodyne, a Philadephia, PA-based and pioneering figure in pharmaceutical innovation, has announced a triumphant milestone in its journey towards revolutionizing drug discovery. Vivodyne was funded $38 million, and the company is poised to amplify its drug-discovery pipeline and clinical AI stack capabilities significantly.

The funding was led by Khosla Ventures, with participation from Kairos Ventures, strategic angel investors of CS Ventures, MBX Capital, and Bison Ventures. There are prominent investors in the biotech and technology sectors, which marks a pivotal moment for Vivodyne. This financial boost comes as validation of the company’s groundbreaking approach to leveraging artificial intelligence in accelerating the development of novel therapeutics.

CEO and co-founders Vivodyne Andrei Georgescu and Dan Huh expressed profound gratitude for the support they received from investors. The new investment is a testament to the tireless dedication of their team and the potential of their technology to redefine the landscape of drug discovery.

Vivodyne’s proprietary AI-driven platform integrates cutting-edge machine learning algorithms with comprehensive biological data, enabling rapid and precise identification of potential drug candidates. This transformative approach significantly expedites the traditionally lengthy and resource-intensive drug development process.

The infusion of capital will bolster Vivodyne’s research initiatives across various therapeutic areas, amplifying the company’s efforts to tackle some of the most challenging diseases and medical conditions. Additionally, the investment will fuel the expansion of its multidisciplinary team, attracting top talent in AI, biology, and pharmaceuticals to further enhance its technological prowess.

The company’s commitment to ethical and responsible innovation in drug discovery remains steadfast. Vivodyne emphasizes stringent adherence to regulatory standards and ethical considerations, ensuring the safety and efficacy of the therapies developed through its platform.

As Vivodyne continues to break new ground at the intersection of artificial intelligence and biotechnology, the industry eagerly anticipates the impact of its innovative approach on the future of medicine.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Artisan AI, a San Francisco, CA-based, a burgeoning tech startup specializing in innovative artificial intelligence solutions. Artisan AI was funded $2.3 million led by Y Combinator, Bayhouse Capital, and Oliver Jung, who was an early investor in Revolut, Robinhood and Brex, and other strategic angel investors. The investment is aimed at bolstering the company’s engineering capabilities and amplifying its product development initiatives.

The funding round signifies a vote of confidence in Artisan AI’s vision and potential within the rapidly evolving AI landscape. The company has strategically earmarked the investment to augment its core engineering team, focusing on recruiting top-tier talent, and fostering a culture of innovation.

Artisan AI CEO and co-founder Caspar Carmichael-Jack, and Dr. Rupert Dodkins expressed enthusiasm about the latest funding milestone, stating that the new funding injection marks a pivotal moment for Artisan AI. It not only validates their mission but empowers them to accelerate the development of cutting-edge AI technologies.

Artisan AI has garnered attention for its commitment to delivering AI-driven solutions that address real-world challenges across diverse industries. With an emphasis on leveraging AI for tangible, practical applications, the company aims to redefine conventional paradigms and unlock new possibilities.

The infusion of capital will be primarily allocated towards scaling up the engineering team, enabling the company to expedite its product roadmap. The goal is to enhance existing AI models, pioneer new algorithms, and streamline the integration of AI solutions into various sectors, ranging from healthcare and finance to logistics and beyond.

Their focus remains steadfast on creating AI tools that not only revolutionize industries but also prioritize ethical and responsible deployment.

Artisan AI has garnered acclaim for its interdisciplinary approach, drawing talent from diverse backgrounds to foster a dynamic and inclusive work environment. The infusion of funds will facilitate the recruitment of top-notch engineers, data scientists, and product developers to fortify the company’s standing as a trailblazer in the AI sphere.

The successful funding round sets the stage for Artisan AI to amplify its footprint in the AI domain, positioning itself as a formidable force driving innovation and reshaping the future of AI-powered solutions.

Artisan AI is poised to scale its operations, accelerate product development, and make significant strides towards fulfilling its vision of creating transformative AI technologies that positively impact society.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Dashtoon is a San Francisco, CA-based developer of a storytelling platform intended for curating stories across the globe and visualizing them into comics and graphic novels. The company’s platform leverages Generative AI technology to offer publishing services that release new episodes daily for readers, enabling storytellers worldwide to create illustrated content with unprecedented ease and speed.

Dashtoon was funded $5 million led by Matrix Partners India and Stellaris Venture Partners with participation from prominent angel investors. The recent funding round to further advance its technology and expand its services, empowering storytellers and content creators around the globe. The company’s cutting-edge AI platform is designed to assist writers, filmmakers, and artists in generating compelling narratives and content.

The company’s AI technology has gained popularity in the creative industries, providing a powerful tool for content creators seeking to streamline their creative process and overcome writer’s block. With this recent injection of capital, the company is well-positioned to push the boundaries of generative AI, opening up new possibilities for storytelling.

Aakash Kumar, the Matrix managing director, said they are thrilled to support Dashtoon’s mission to revolutionize the creative industry with their state-of-the-art generative AI technology. The global market for creative content is enormous, and Dashtoon’s tools will not only empower storytellers but also enhance the quality and diversity of content available to audiences.

Dashtoon’s generative AI platform utilizes deep learning algorithms and natural language processing to assist creators in generating original storylines, characters, and dialogue. Whether it’s a novelist working on a new novel, a screenwriter developing a screenplay, or a marketer crafting compelling narratives for a brand, Dashtoon aims to make the creative process more efficient and effective.

Sanidhya Narain, one of the innovators of Dashtoon, expressed their excitement for the future of generative AI in the creative world. Their team is dedicated to pushing the boundaries of what generative AI can do for storytellers. This investment will help them expand their platform’s capabilities, making it easier than ever for creators to harness the power of AI in their work.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Upfort is a San Francisco, CA-based cybersecurity software developer designed to offer comprehensive protection services. The company’s software provides phishing simulation, public Wi-Fi protection, inbox protection, password management, and cyber liability insurance, enabling clients to secure their business activities against modern cyber threats.

Upfort was funded $8 million led by SYN Ventures, with participation from Eniac Ventures, Fika Ventures, Altai Ventures, Chaos Ventures, Aquila Capital Partners, angel investors in Gaingels, and Cyber Mentor Fund. This investment advances Upfort’s goal to simplify how brokers and insurers sell insurance and shield their clients from cyber threats.

Upfort specializes in providing a comprehensive suite of services and tools to safeguard enterprises against a wide array of cyber threats, including malware, ransomware, data breaches, and other malicious activities that have become more sophisticated and prevalent in recent years.

The company’s flagship product, FortiGuard, combines artificial intelligence, machine learning, and behavioral analytics to detect and respond to threats in real-time. It allows businesses to predict and mitigate risks, helping them maintain business continuity in the face of unexpected cyber incidents.

They plan to allocate the funding towards expanding its research and development efforts, scaling its sales and marketing initiatives, and enhancing customer support. The company’s ultimate goal is to empower businesses of all sizes to protect their digital assets effectively and minimize the risks associated with cybersecurity breaches.

Upfort is well-positioned to help businesses navigate the complex and ever-changing threat landscape. As cyber threats continue to evolve, Upfort’s mission to provide proactive cybersecurity measures is a significant step towards securing the digital future of organizations worldwide.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Upland, a Palo Alto, CA-based and developer of an online game designed to offer nonfungible token-based virtual real estate trading built on blockchain. The metaverse company’s game allows players to buy, sell, trade, and develop virtual properties that are based on real-world addresses that ensure true ownership for the players, enabling users to keep virtual digital properties and encash their game winnings in fiat currency.

Upland was funded $7 million led by prominent investors EOS Network Ventures as a new investor, alongside participation from existing investors C3 Venture Capital, Animoca Brands, and angel investors.

The company intends to use the fund to help Upland expand its metaverse offerings and enhance its Spark token’s utility in the digital world.

Upland, a leading player in the emerging metaverse sector, offers a unique digital experience where users can buy, sell, and trade virtual properties using blockchain technology. The platform has gained significant popularity among users looking to invest in virtual real estate and participate in a dynamic online community.

The investment will be allocated towards several key areas:

Metaverse Expansion: Upland will use the funds to further develop its metaverse, adding new virtual locations and features to provide an even more immersive and engaging experience for users.

Spark Token Enhancements: Upland’s native digital currency, Spark, plays a crucial role in the platform’s economy. The funding will be used to enhance the functionality and tradeability of the Spark token, making it more versatile for users within the Upland metaverse.

Community Building: The company aims to invest in community-building efforts, fostering a vibrant ecosystem of users who contribute to the growth and evolution of the platform.

Upland has seen substantial growth in its user base since its launch, with virtual property purchases, sales, and in-game activities driving a vibrant virtual economy. With the additional funding, Upland is poised to take the next step in the evolution of the metaverse, bringing more utility and interactivity to the digital world.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Urban Sky is a Denver, CO-based developer of remote sensing vehicles intended to provide high-resolution earth observation data. The company’s vehicle leverages advances in component miniaturization to provide regular mapping changes above cities to imaging large, remote areas and assets, enabling clients to get precise satellite imagery by reducing the cost of high-resolution remote sensing and weather-related data.

Urban Sky was funded $9.75 million, led by New Legacy Ventures, Lerer Hippeau, and Lavrock Ventures, with participation from Catapult Ventures, Union Labs VC, DA Ventures (a Denver Angel investors Affiliate), and TenOneTen Ventures.

The company intends to use the funds to scale its commercial imaging operation, develop advanced stratospheric technology, and broaden its sensor portfolio.

Urban Sky’s breakthroughs in stratospheric technology offer exciting possibilities for industries such as agriculture, environmental monitoring, disaster management, and telecommunications. The company’s unique approach involves deploying high-altitude balloons equipped with state-of-the-art imaging equipment, providing a cost-effective and flexible means of collecting critical data.

CEO of Urban Sky, Andrew Antonio, expressed enthusiasm for the support the company has received. It underscores the importance of their work in pushing the boundaries of stratospheric technology and commercial imaging. They’re excited to have the backing of such esteemed investors who share their vision for a more connected and sustainable world.

Urban Sky’s approach offers a more cost-effective alternative to traditional satellite technology. High-altitude balloons can be launched quickly and at a fraction of the cost of orbital satellites, making data acquisition more accessible for businesses and organizations.

This new capital injection will enable Urban Sky to expand its fleet of stratospheric balloons, enhance imaging capabilities, and further its research and development efforts. It will also help the company broaden its reach and explore new industry partnership opportunities.

The successful funding round is a testament to the growing demand for innovative Earth observation and stratospheric technology solutions. As Urban Sky continues to break new ground in these fields, the future looks promising for the company and its mission to make the world more connected and informed.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Class Companion, a San Francisco, CA-based. Developed a social studies artificial intelligence assistant to help social studies teachers assess written assignments. The company offers features such as immediate personalized feedback, generates instant progress reports, focuses on lesson planning, and provides teachers with help related to assignments.

Class Companion was funded $14 million, led by Index Ventures, with participation from the OpenAI Startup Fund and notable angel investors, including renowned operator and advisor Gokul Rajaram, Managing Director of Otherwise Fund Terrence Rohan, and AI luminary Andrej Karpathy, founding Research Scientist at OpenAI and former Senior Director of AI at Tesla.

Funds will be used to improve the teacher experience and expand the team as teachers use their expertise to shape the AI to help students learn in new and exciting ways.

The platform’s primary focus is to offer a personalized and adaptable learning environment for students of all ages and backgrounds. Class Companion leverages artificial intelligence and machine learning to assist teachers with lesson planning, grading, and content curation tasks. The platform tailors its recommendations and suggestions by analyzing student performance data and behavior to help educators create more effective and engaging lessons.

Index Ventures, a leading investor in educational technology companies, believes that Class Companion can potentially disrupt the traditional education landscape. They are thrilled to support Class Companion’s mission to bring cutting-edge AI technology to the classroom.

Class Companion to accelerate its growth and reach a wider audience of educators and students. Key areas of development include:

Expansion of Educational Content: Class Companion plans to collaborate with educational content providers to offer a broader and more diverse range of materials for teachers and students.

Integration of New Features: The company intends to enhance its AI platform by introducing new features and functionalities, making it even more valuable for educators.

Scalability: Class Companion aims to expand its user base across various educational institutions, from K-12 schools to higher education and vocational training centers.

Research and Development: A significant portion of the funding will be allocated to ongoing research and development efforts, ensuring that the platform remains at the forefront of AI technology in education.

User Support and Training: Class Companion will invest in robust user support and training resources to ensure educators can make the most of the platform.

Class Companion is well-positioned to continue reshaping the education landscape, ushering in a new era of AI-powered teaching and learning. As technology plays a pivotal role in education, platforms like Class Companion are at the forefront of the transformation, promising a more efficient and engaging educational experience for students worldwide.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Nexusflow, a Palo Alto, CA-based, Developer of AI-based conversational interface designed for security tools. The company’s platform attempts to synthesize data from various security knowledge sources and tap into existing security tools via APIs by leveraging open-source large language models that operate behind a customer’s firewall or in the cloud, enabling enterprises to control the security software and get metrics and insights using natural language commands.

Nexusflow was funded $10.6 million led by Point72 Ventures, with participation from Fusion Fund and other angel investors in Silicon Valley, to accelerate the development of its generative AI platform, expand its team of world-class researchers and engineers, and strengthen its market presence.

Nexusflow’s generative AI technology is designed to enhance the efficiency and effectiveness of security tools by leveraging artificial intelligence and machine learning algorithms. By continuously learning from vast datasets of cyber threats and vulnerabilities, Nexusflow’s AI-powered solutions can autonomously adapt and evolve to combat emerging threats in real-time, helping organizations stay one step ahead of cybercriminals.

AI experts Professor Kurt Keutzer co-founder of Nexusflow expressed his enthusiasm for the funding and its potential impact. Their mission at Nexusflow is to make the digital world safer for everyone. This funding will allow them to further innovate and refine our generative AI solutions, enabling organizations to defend against ever-evolving cyber threats more effectively. They are excited to continue working alongside our partners and clients to create a more secure online environment.

Nexusflow’s generative AI technology has gained attention for its ability to adapt and evolve autonomously, reducing the need for manual intervention and lowering the risk of human error in cybersecurity operations. By harnessing the power of generative AI, organizations can significantly bolster their defenses against a wide range of cyber threats, from malware and phishing attacks to zero-day vulnerabilities.

With the additional funding in place, Nexusflow is poised to further advance the field of generative AI for security tools and contribute to a safer and more secure digital world. The company’s innovative solutions are expected to play a pivotal role in addressing the evolving cybersecurity threats that organizations face in an increasingly interconnected digital landscape.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

TeachMe.To, a San Diego, CA-based, is a community of adventurous learners. They believe that the good life is defined by magical growth experiences. Moments when something clicks, and you feel the euphoria of victory and discovery. Their focus is delivering more of those moments.

TeachMe.To was funded $2 million, led by 1984 Ventures with participation from Common Metal, Alumni Ventures, as well as a syndicate of angel investors, including Sam Altman, CEO of OpenAI; Ben Lauzier, former VP of Product & Growth at Thumbtack; Vivek Patel, former CPO at Yelp; and Brent Turner, President of Rover.

The funding will be utilized to scale the platform, introduce a dedicated app for learners, and broaden its scope beyond sports-related offerings.

TeachMe.To has been making waves in the education technology sector, offering a unique approach to learning that combines personalized instruction with high-quality content. The platform has gained significant traction, especially in the realm of sports education, where it has empowered coaches and athletes to enhance their skills and knowledge.

The new funding will play a pivotal role in TeachMe.To’s expansion strategy, enabling the company to take its mission of accessible and effective education to the next level. Key highlights of the funding round and the company’s future plans include:

1. Scaling the Platform: TeachMe.To plans to expand its platform’s capabilities, adding more courses, interactive features, and tools to further enhance the learning experience. This scaling effort aims to cater to a wider audience, including learners of all ages and backgrounds.

2. Launching a Learners-Centric App: One of the most exciting developments is the launch of a dedicated app for learners. This app will provide learners with easy access to courses, assignments, progress tracking, and communication with instructors. It’s designed to be user-friendly and enhance engagement with the learning process.

3. Expanding Beyond Sports: While TeachMe.To initially gained recognition for its sports-related courses, the company is now committed to expanding its content library across various subjects and disciplines. This expansion will offer learners a broader array of educational opportunities.

As the global demand for online education continues to rise, TeachMe.To’s expansion and dedication to improving learning outcomes position it as a major player in the edtech industry. With the introduction of a student app and a broader course catalog, TeachMe.To is poised to make a significant impact on the way people learn, regardless of their interests or backgrounds.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.