Tag: business funding

Persist AI, a Woodland, CA-based. Developed long-acting, extended-release formulation with active ingredient release rates designed to accelerate pre-clinical development time. The company uses machine learning and artificial intelligence-driven automation technologies, enabling drug manufacturers to speed up drug formulation and optimize drug loading, morphology, and distribution.

Persist AI was funded $4 million led by 2048 Ventures with participation from Innospark Ventures, Fellows Fund, YCombinator, Pioneer Fund, and other strategic angel investors in a recent funding round to propel drug formulation process advancement.

Persist AI, known for its cutting-edge artificial intelligence technologies, is dedicated to revolutionizing the drug development landscape. By harnessing the power of machine learning and predictive analytics, the company aims to expedite the formulation of new pharmaceutical compounds, ultimately enhancing the efficiency and efficacy of drug discovery.

Traditional drug formulation methods often involve trial and error, which can be time-consuming and costly. Persist AI’s platform seeks to mitigate these challenges by employing sophisticated algorithms to predict molecular interactions, identify potential side effects, and suggest optimal compound compositions. This accelerates the drug development timeline and reduces the risk of adverse reactions during clinical trials.

Karthik Raman, co-founder, and CEO of Persist AI expressed their enthusiasm about the recent funding round: They are thrilled to have the support of such esteemed investors who share their vision of transforming the pharmaceutical industry. This capital injection will enable them to scale our research efforts, refine our algorithms, and collaborate with pharmaceutical partners to bring safer and more effective drugs to market quickly.

Persist AI’s technology has already shown promising results in early-stage testing, demonstrating its ability to predict molecular behaviors accurately. With the additional funding, the company plans to expand its team of AI researchers and forge strategic partnerships with leading pharmaceutical companies to validate further and refine its platform.

The pharmaceutical industry has been increasingly adopting AI and machine learning solutions to streamline various drug discovery and development aspects. Persist AI’s innovative approach places it in a strategic position to make significant contributions to the field, potentially ushering in a new era of accelerated and more precise drug formulation.

As Persist AI continues to make strides in its research and collaborations, the company’s progress could potentially lead to groundbreaking advancements in pharmaceutical sciences, ultimately benefiting patients worldwide by bringing novel treatments to market faster and more efficiently.

By: K. Tagura

Author statement:

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ReflexAI is a New York-based groundbreaking technology startup specializing in AI-powered call center tools. The company’s devices are directly applied to crisis services, emergency response, social services, and healthcare real-time reporting in the most budget-aware way to assist veteran mental health, enabling trainees and agents with automated scores, saving time and energy while increasing consistency and visibility.

ReflexAI’s platform harnesses the power of artificial intelligence and machine learning to streamline call center operations, optimize agent performance, and enhance customer interactions. The company aims to create a more efficient, personalized, and satisfying experience for agents and customers by revolutionizing traditional call center practices.

ReflexAI was funded $3.3 million, led by Footwork, with additional investments from Emerson Collective, Altman Capital, Gaingels, and a group of angel investors. The financing will accelerate ReflexAI’s product development, expand its engineering team, and scale operations to cater to the growing demand from the call center industry.

Speaking about the funding milestone, CEO and Co-founder of ReflexAI, Sam Dorison, and Chief Product & Technology Officer John Callery, expressed excitement about the company’s trajectory and its impact on the call center landscape. Their mission is to reimagine how call centers operate by leveraging AI technology to elevate agent performance and redefine customer service.

The core offerings of ReflexAI’s AI-powered call center tools include the following:

Intelligent Call Routing: ReflexAI’s platform employs advanced algorithms to match incoming calls with the most suitable agents based on expertise, language proficiency, and past performance. This results in reduced wait times for customers and optimize agent productivity.

Real-Time Agent Assistance: The platform provides real-time insights and suggestions to call center agents during customer interactions. The AI system can offer relevant information and tips by analyzing the conversation, enabling agents to deliver more informed and effective responses.

Sentiment Analysis: ReflexAI’s AI-driven sentiment analysis allows supervisors to gauge customer emotions during calls. This valuable data helps managers identify potential issues, address customer concerns, and train agents to improve their interactions.

Analytics and Reporting: The platform generates comprehensive reports and analytics, offering call center managers valuable performance metrics and insights to identify areas for improvement and optimize operations continually.

The call center industry is expected to transform significantly in the coming years as businesses increasingly prioritize customer satisfaction and efficiency. ReflexAI’s solutions are at the forefront of this evolution, presenting a promising future for the company and the industry.

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.

UpLift, a NYC-based and developer of digital health application designed for mental healthcare. The company’s application provides a multisided marketplace, applying technology that is covered by their insurance plan, its application acts as the bridge between patient, provider, and insurer, enabling patients to find in-network therapists and connect with a doctor that fits their pockets.

UpLift was funded $10.7 million was led by some strategic angel investors of Ballast Point Ventures with participation from Kapor Capital, Front Porch Ventures and B Capital.

The new funding will further expand access to UpLift’s team-based behavioral healthcare model, enabling thousands of behavioral healthcare providers to accept insurance payments for the first time and help patients match with the right team of providers, based on their unique clinical and non-clinical needs.

UpLift aims to revolutionize the way mental healthcare virtual support is delivered by combining advanced technology, artificial intelligence, and human expertise. The platform utilizes virtual reality (VR) and augmented reality (AR) technologies to create immersive and personalized mental health experiences for users.

Co-founded by Kyle Talcott, UpLift was born out of a shared vision to bridge the gap between traditional therapy and the evolving needs of individuals seeking mental healthcare support.

UpLift, emphasized the importance of combining human expertise with technology: While their platform leverages AI for personalized insights and support, they firmly believe in the value of human connection. Their licensed therapists and counselors play a vital role in guiding users through their mental healthcare journey and providing compassionate support when needed.

As the company gears up for its official launch later this year, the company is poised to make a significant impact on the mental healthcare landscape. By providing accessible, personalized, and innovative virtual mental health services, UpLift is on track to change the way people perceive and engage with mental healthcare support for the better.

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.

Mascotte Health, a Miami, FL-based, provides veterinary services to deliver personalized pet care and support for their owners. The company specializes in a tech-enabled operational team of licensed veterinary professionals providing triage, telemedicine, virtual receptionist services, and virtual support, enabling veterinary practitioners to streamline operations, reduce staff burnout and offer round-the-clock connected pet care.

Mascotte Health funded $1.2 million led by Nuwa Capital with participation from angel investors from Uber, Turo, and Airbnb. The investment aims to fuel the expansion of their tech-enabled services and enhance the overall care experience for pet owners. With this significant financial backing, Mascotte Health is poised to revolutionize the pet care industry by leveraging cutting-edge technology to improve the health and well-being of our beloved furry companions.

Leveraging advancements in artificial intelligence, data analytics, and mobile applications, the company aims to develop innovative solutions that simplify and enhance various aspects of pet care. From remote health monitoring to personalized treatment recommendations, Mascotte Health is committed to revolutionizing how pet owners interact with their furry friends’ healthcare.

Mascotte Health recognizes the importance of a seamless and comprehensive care experience for pet owners. With the funding, the company plans to invest heavily in research and development, enhancing user interfaces, creating intuitive mobile applications, and improving customer support. By streamlining access to vital information and services, Mascotte Health aims to empower pet owners to make informed decisions about their pets’ health and well-being.

The company recognizes the power of data in delivering personalized care. The company aims to provide pet owners with actionable insights into their pets’ health by harnessing the vast amounts of data generated through their tech-enabled services. Mascotte Health intends to identify patterns, detect early warning signs, and provide tailored recommendations for optimal pet care through data analytics and machine learning algorithms.

Mascotte Health plans to collaborate with veterinary clinics, animal hospitals, and industry experts to accelerate its mission of transforming pet care. By fostering partnerships, the company aims to tap into a wealth of knowledge and experience, ensuring that its tech-enabled services align with the highest standards of veterinary care.

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.

Optiversal is a St. Petersburg, FL-based developer of an AI-powered content platform for retail designed to generate content that increases traffic and revenue. The platform empowers retailers’ content teams to write novel product, marketing, and social copy that’s creative, accurate, and on-brand quickly, enabling retailers to differentiate their copy from competitors and augment their social media strategy.

Optiversal was funded $4.2 million, led by Bling Capital, with participation from Alpaca Ventures, Red Sea Ventures, and other strategic angel investors. Optiversal will use this funding to accelerate the company’s growth by investing in product development, its tech, and infrastructure and increasing efforts to meet growing customer demands.

Optiversal AI’s advanced AI algorithms provide comprehensive solutions to enhance search engine optimization strategies and drive targeted organic traffic to retail websites. With the exponential growth of e-commerce and the fierce competition in the online marketplace, retailers are increasingly realizing the significance of optimizing their websites for search engines to stand out.

The Retail 100, a curated list of prominent retail businesses, stands to benefit significantly from Optiversal AI’s solutions. By leveraging the platform’s technology, these businesses can achieve higher visibility in search engine results, leading to improved customer acquisition, increased conversions, and, ultimately, enhanced revenue growth.

Will Underwood, CEO and Founder of Optiversal said that their platform has already proven its worth by delivering exceptional results to their clients. With this investment, it can further enhance its capabilities to meet the evolving needs of the retail industry.

Commenting on the investment, one of the partners leading the new funding said that they believe that Optiversal AI has a game-changing solution for retailers aiming to succeed in the competitive digital landscape. Their expertise in leveraging AI for SEO optimization presents a significant opportunity for retail businesses to multiply their online presence and revenue. They are excited to support their vision and watch them revolutionize the industry.

With the new funding in place, Optiversal AI is well-positioned to strengthen its market presence, expand its customer base, and continue driving innovation in the field of SEO optimization. Effective SEO strategies become increasingly critical as the retail industry embraces digital transformation. Optiversal AI aims to be at the forefront of this revolution, helping retailers thrive in the ever-evolving online marketplace.

By: K. Tagura

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Heading Health is an Austin, TX-based developer of a mental health platform intended to improve access to high-quality and affordable care. The company’s platform delivers personalized treatment services that leverage evidence-based therapeutics and technologies, transcranial magnetic stimulation, telepsychiatry, and intramuscular ketamine. This enables patients to notice meaningful outcomes and achieve mental well-being through effective and affordable treatments.

Heading Health was funded $4.5 million led by Gron Ventures and Jam Fund, with participation from the One Mind Accelerator, Thiel Capital, Mystic Ventures, some strategic angel investors of Gaingels, and Antifund. The additional funding raised in this Series A extension will be utilized to enhance Heading Health’s platform capabilities and expand its network of mental health providers. The company plans to develop AI algorithms to provide even more accurate matching and treatment recommendations for patients, ensuring they receive the most appropriate care.

Heading Health offers various mental health solutions, including teletherapy, virtual psychiatry, and digital wellness tools. The company’s proprietary platform utilizes artificial intelligence (AI) algorithms to match patients with licensed mental health professionals specializing in their needs. By combining technology with personalized care, Heading Health aims to improve the accessibility and affordability of mental health services for individuals across the United States.

Founded in 2020 by Co-founder Steve Levine, MD, and CEO Simon Tankel said they are thrilled to have secured this funding, enabling them to take Heading Health to the next level. Because mental health is a pressing global issue, they are committed to revolutionizing how people access and receive care. With this investment, they can enhance their platform, attract top-tier talent, and reach more individuals needing mental health support.

Heading Health has experienced significant growth and success since its inception, and this recent funding round reflects the growing demand for accessible and personalized mental health services. As mental health continues to gain recognition as an essential aspect of overall well-being, Heading Health’s innovative approach and commitment to delivering high-quality care position the company for further growth and impact in the mental health sector.

By: K. Tagura

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Rubber Ducky Labs, a San Francisco, CA-based. Developed of operational analytics platform designed to improve ML-powered product recommendations. The company’s platform helps to debug, analyze, and improve recommender systems, allowing machine learning teams to move faster on projects that directly impact the company’s bottom line.

Rubber Ducky Labs was funded $1.5 million; The seed funding round was led by Bain Capital Ventures with participation from Cadenza Ventures and angel investors, including Brad Klingenberg, Patrick Hayes, and Dave Aronchick. The investment will further develop and expand their operational analytics platform for recommender systems.

With the newly raised capital, Rubber Ducky Labs plans to strengthen its research and development efforts, expand its engineering team, and accelerate the deployment of its operational analytics platform. The company aims to provide businesses with real-time insights and actionable recommendations to enhance their recommender systems’ performance and increase customer satisfaction.

The co-founder and CEO of Rubber Ducky Labs, Alexandra Johnson and Georgia Hong expressed their excitement about the funding round. They are thrilled to have secured this investment to fuel their mission of empowering businesses with advanced analytics for recommender systems. Their platform will enable companies to unlock the full potential of their recommendation algorithms, leading to improved user experiences and increased revenue opportunities.

Rubber Ducky Labs has already gained significant traction in the market, with several pilot projects underway in collaboration with major industry players. The company’s operational analytics platform has shown promising results in enhancing recommendation accuracy, conversion rates, and customer retention.

As the demand for personalized recommendations continues to grow across various sectors, Rubber Ducky Labs’ innovative approach to operational analytics positions them at the forefront of this emerging field. The company is well-positioned to substantially impact the industry and revolutionize how businesses optimize and refine their recommender systems.

The company aims to solidify its position as a leader in the industry, enabling businesses to deliver highly relevant and personalized recommendations to their customers, ultimately driving growth and success in the digital era.

By: K. Tagura

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Eze is a San Francisco, CA-based operator of a B2B marketplace designed to buy and sell electronic commodities. The company’s marketplace connects telecommunication and global electronic wholesalers. It allows them to trade devices in wholesale quantities with real-time market data, enabling users to profit from items bought or sold.

Eze was funded $3.7 million in seed funding. The funding round was led by Right Side Capital Management, with participation from C2 Ventures, Boro Capital, EVPI Investments, and other angel investors. Eze aims to transform how businesses build and manage their marketplace technology infrastructure by providing comprehensive solutions that streamline processes, enhance efficiency, and optimize performance. With this new injection of funds, the company is poised to accelerate the development and expansion of its groundbreaking technologies, propelling it to the forefront of the industry.

The seed funding will bolster Eze’s research and development efforts, enabling the company to refine its existing infrastructure solutions and pioneer breakthroughs. Eze plans to invest heavily in hiring top-tier talent, fostering a team of experts with diverse skill sets to fuel innovation and drive its ambitious vision forward.

The company’s proprietary platform offers a comprehensive suite of tools and services, allowing businesses to design, deploy, and manage their infrastructure across various cloud environments effortlessly.

The additional funding will also be instrumental in strengthening Eze’s go-to-market strategy, enabling the startup to reach a wider audience and forge strategic partnerships with industry leaders. By forging alliances with key players, Eze aims to establish itself as the go-to solution for organizations seeking reliable, scalable, and efficient infrastructure management solutions.

The rapid digitization of businesses across various sectors has underscored the critical importance of robust and scalable technology infrastructure. As companies continue to navigate the complexities of the digital era, Eze’s forward-thinking approach and its commitment to innovation positions it as a promising contender in the technology infrastructure space.

With the successful completion of this seed funding round, Eze is now well-equipped to pursue its ambitious roadmap and solidify its position as a leader in infrastructure development. As the company continues refining its cutting-edge solutions, the industry eagerly anticipates the impact Eze will make in transforming how organizations build and manage their technology infrastructure.

By: K. Tagura

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Who we are:  Funded.com is a platform that is A+ BBB rated over 10+ years. Access our network of Investors, get instantly matched with a Lender, or get a business plan by visiting us Funded.com

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