Category: angel investors

Onyx is a San Francisco, CA-based developer of an answer bot designed to build custom workplace AI assistants with technical prompts for each team. The company’s platform combines embedding models with keyword-based algorithms to find relevant documents across all sources, enabling clients to get relevant information without hassle.

Onyx was funded $10 million, led by Khosla Ventures and First Round Capital, with participation from Y Combinator and angel investors like Gokul Rajaram (Coinbase, Pinterest), Arash Ferdosi (Dropbox), Amit Agarwal (Datadog), Kulveer Taggar (Zeus Living), and others. The seed funding round aimed to enhance its open-source AI research agent, designed to streamline knowledge retrieval for teams.

This investment will support Onyx in further developing its AI research agent for workplace and expanding its team, particularly in engineering, developer relations, and go-to-market strategies.

As organizations grow, information often becomes dispersed across various platforms, making it challenging for employees to access critical data efficiently. Traditional keyword-based search methods frequently fail to retrieve relevant information from tools like Slack, Confluence, and Google Drive. Onyx aims to address this issue by acting as a 24/7 knowledgeable coworker capable of navigating over 40 integrated tools, including Salesforce, SharePoint, GitHub, and Gong, to answer user inquiries comprehensively.

Onyx’s AI research agent mimics human search behavior by exploring multiple pathways and delving into promising directions to gather complete contextual information for each query. This approach ensures that users receive accurate and thorough responses, reducing the time spent searching for information and enhancing productivity.

By adopting an open-source model, Onyx allows companies to maintain control over their data without relying on external parties. This approach ensures data privacy and security and fosters community collaboration, leading to continuous improvement and innovation of the AI agent.

Several enterprises have already integrated Onyx into their operations. Companies like Netflix and defense contractor Thales Group have adopted Onyx to enhance their teams’ efficiency and knowledge management capabilities.

The AI agent landscape rapidly evolves, with various open-source platforms emerging to address different business needs. For instance, platforms like XAgent and Mistral AI Agent offer customizable solutions for creating AI agents tailored to specific tasks. Onyx distinguishes itself by focusing on deep research capabilities within the workplace, aiming to become an indispensable tool for enterprises seeking efficient knowledge management solutions.

With the new funding, Onyx is poised to accelerate its mission of transforming how teams’ access and utilize information, reinforcing its position as a leader in the AI-driven enterprise search domain.

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.

Charta Health, a San Francisco-based healthcare technology startup and developer of an AI-automated pre-bill review platform designed to help physicians with clinical accuracy and capture every revenue and quality opportunity. The company’s platform offers various features such as real-time dashboards and downloadable spreadsheets, clinical and billing audits, reporting and analytics, autonomous chart reviews, and more, enabling health professionals to transform healthcare administration and improve patient care.

Charta Health was funded $8.1 million led by Bain Capital Ventures, with additional participation from SV Angel, South Park Commons, SpringRock Ventures, Refract Ventures, and strategic angel investors. The seed funding to enhance its AI-driven platform designed to optimize medical billing and coding workflows.

Founded by Justin Liu and Scott Morris, former engineers at Rockset (acquired by OpenAI), Charta Health emerged from the founders’ desire to make a significant impact in the healthcare industry. Despite lacking prior healthcare experience, Liu and Morris dedicated a year to obtaining medical coding credentials and consulting with over 100 healthcare professionals to identify critical areas where technology could drive meaningful improvements.

Charta Health’s platform leverages artificial intelligence to automate the patient chart review process, addressing several key challenges in medical billing and coding:

• Automated Pre-Bill Review: The AI system conducts thorough pre-bill reviews on every patient chart, identifying missed coding opportunities that can enhance revenue capture for healthcare providers.
• Denial Prevention: By flagging potential issues before claims are submitted, the platform helps prevent claim denials, reducing administrative burdens and associated costs.
• Compliance Audits: The system ensures adherence to complex billing standards, mitigating risks associated with non-compliance.

These features collectively enable healthcare providers to optimize revenue, reduce manual efforts, and achieve comprehensive revenue integrity.

Charta Health’s innovative approach has quickly gained traction in the healthcare sector. Within 60 days of initiating outreach efforts, the company secured $500,000 in revenue, achieving profitability even before officially launching from stealth mode in June 2024. This early success underscored the platform’s value proposition and the pressing need for such solutions in the market.

The newly acquired funds are earmarked for several strategic initiatives:

• Research and Development: Expanding R&D efforts to further enhance the platform’s capabilities and address a broader range of chart review use cases.
• Team Expansion: Growing the team to support scaling operations and to foster innovation within the company.
• Product Enhancement: Developing additional features tailored to diverse specialties, particularly focusing on high-volume outpatient settings such as primary care and urgent care.

Liu emphasized the platform’s versatility, stating that Charta Health aims to create a system capable of performing chart reviews for any use case at any point within the revenue or care cycle.

The healthcare industry has been increasingly turning to AI-driven solutions to streamline administrative tasks, especially in the face of staffing shortages and financial pressures. Startups focusing on automating processes like medical billing and coding have attracted significant investor interest, reflecting a broader trend towards digital transformation in healthcare.

Charta Health’s successful funding round and rapid market adoption highlight the critical role of innovative technologies in addressing systemic inefficiencies. By automating complex administrative tasks, Charta Health not only alleviates the workload on healthcare professionals but also contributes to improved financial performance for healthcare providers.

As the company advances its mission, it is poised to play a pivotal role in the ongoing evolution of healthcare delivery, where technology and human expertise converge to enhance patient care and operational efficiency.

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.

In a significant move to enhance digital moderation safety, Musubi, a Santa Barbara-based startup specializing in AI-driven threat detection solutions.

Musubi was funded $5 million to expand operations and its development efforts. J2 Ventures led the effort, with participation from Shakti Ventures, Mozilla Ventures, and J Ventures, existing pre-seed angel investors.

Founded in 2023 by industry veterans Tom Quisel, Christian Rudder, and Filip Jankovic, Musubi aims to revolutionize content moderation across online platforms. The company’s innovative approach leverages artificial intelligence to combat spam, scams, and fraudulent activities, providing robust user protection on social platforms and marketplaces.

The recent capital infusion is poised to accelerate Musubi’s development efforts and expand its operational footprint. By enhancing its AI capabilities, the company seeks to offer more precise and efficient content moderation tools, addressing the escalating challenges of managing harmful content in real time.

Musubi’s platform stands out by bridging the gap between human judgment and machine efficiency. It can swiftly identify and manage potentially harmful content using advanced machine learning algorithms, ensuring a safer digital environment without compromising user experience. This balance is crucial as online communities grapple with the proliferation of misinformation and toxic behavior.

The leadership team brings a wealth of experience to the table. CEO Tom Quisel and co-founders Christian Rudder and Filip Jankovic have a proven track record in the tech industry, positioning Musubi to make significant strides in digital safety. Their combined expertise is instrumental in navigating the complex landscape of AI and content moderation.

The $5 million Series A round is a testament to investor confidence in Musubi’s mission and technological approach. While specific investors have not been publicly disclosed, the substantial backing underscores a shared commitment to enhancing online safety and integrity.

Musubi plans to utilize the funds to scale its operations, refine its AI models, and expand its market reach. The company is also exploring strategic partnerships to integrate its solutions more broadly, aiming to set new standards in content moderation and digital threat detection.

As the digital landscape continues to evolve, the importance of effective and efficient content moderation cannot be overstated. Musubi’s advancements in AI-driven threat detection are poised to play a pivotal role in shaping the future of online interactions, ensuring safer and more trustworthy digital spaces for all users.

In summary, Musubi’s recent funding milestone marks a significant step forward in the fight against digital threats. With a strong leadership team, innovative technology, and a clear vision, the company is well-positioned to make a lasting impact on the safety and integrity of online platforms 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.

Valid, a San Francisco, CA-based AI-enabled ad agency improving digital advertising, was funded $5.5 million. The round was led by Canaan Partners. Neo, J Ventures, and strategic angel investors, including Steve Huffman and Scott Banister, also participated.

This financial boost is set to accelerate the development of their cutting-edge platform, which leverages artificial intelligence to revolutionize how businesses approach marketing and advertising.

Founded with the mission to integrate advanced AI technologies into advertising strategies, Valid aims to provide businesses with more efficient, data-driven marketing solutions. The company’s platform utilizes machine learning algorithms to analyze vast amounts of data, enabling the creation of highly personalized and effective ad campaigns.

Since its inception, Valid has demonstrated remarkable success, unlocking millions of dollars in revenue for a diverse clientele. Their portfolio includes mobile applications, B2B SaaS companies, and e-commerce brands such as Aragon AI, Julius AI, TapTapSend, and Fuelin. These early adopters have harnessed Valid’s AI-powered platform to enhance their marketing efforts, resulting in increased user engagement and revenue growth.

The recent $5.5 million investment will be strategically allocated to several key areas:

Platform Enhancement: Continuous development of Valid’s AI algorithms to ensure they remain at the forefront of advertising technology.

Talent Acquisition: Expanding the team by attracting top-tier talent in AI research, data science, and marketing to drive innovation and client success.

Market Expansion: Extending Valid’s services to new markets and industries, enabling a broader range of businesses to benefit from AI-driven advertising solutions.

The infusion of AI into advertising signifies a paradigm shift in how businesses connect with their audiences. By automating data analysis and ad optimization, companies like Valid empower businesses to focus more on creative strategies and customer relationships.

As AI technology continues to evolve, its applications in advertising are expected to become even more sophisticated. Predictive analytics, real-time ad adjustments, and deeper audience insights are just a few areas where AI is set to make a substantial impact. Valid’s commitment to integrating these advancements positions them as a leader in the next generation of advertising agencies.

Valid’s successful funding round marks a pivotal moment in the convergence of AI and advertising. By harnessing the power of artificial intelligence, Valid is not only enhancing the effectiveness of ad campaigns but also setting a new standard for the industry. As they continue to innovate and expand, businesses worldwide can look forward to more intelligent, efficient, and impactful advertising solutions.

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.

TrueFoundry, a San Francisco, CA-based developer, has made significant strides in the field of machine learning (ML) with its product ionization and monitoring platform. This platform, designed to provide every company with an automated post-model pipeline, offers a range of features that automate the ML pipeline, facilitate testing of models in production, structure developer codes, and deploy model application programming interfaces (APIs). These achievements should instill confidence in ML teams and data scientists, as they enable the creation of explainable demo web apps for quick feedback from business teams.

TrueFoundry was funded $19 million to revolutionize AI deployment at scale with its cutting-edge “Agent on Autopilot” technology. Led by Intel Capital. Existing investors Eniac Ventures and Peak XV’s participated, alongside new investor Jump Capital and angel investors including Gokul Rajaram, Mohit Aron, and executives from Fortune 1000s. This investment marks a significant milestone in TrueFoundry’s mission to make AI deployment as seamless as software development.

As AI adoption accelerates, businesses face increasing challenges in efficiently deploying and managing models at scale. Companies often struggle with long deployment cycles, resource inefficiencies, and the complexity of integrating AI into production environments. TrueFoundry’s Agent on Autopilot is designed to eliminate these bottlenecks by automating model deployment, monitoring, and optimization.

With the fresh $19 million infusion, TrueFoundry is poised for significant growth. The company’s plans to scale its AI platform globally and enhance its product suite should excite the audience about the company’s potential impact on the global AI landscape. The focus on expanding the engineering team, developing more advanced automation capabilities, and strengthening enterprise partnerships further underscores TrueFoundry’s commitment to its mission.

TrueFoundry’s customer base already includes Fortune 500 companies, fast-growing startups, and AI-driven enterprises looking to accelerate their AI initiatives. By eliminating the complexity of deploying and managing AI models, TrueFoundry is positioning itself as a game-changer in the MLOps space.

The funding round underscores growing investor interest in AI infrastructure solutions that simplify deployment at scale. As businesses increasingly rely on AI for automation, decision-making, and customer engagement, the need for efficient AI deployment solutions has never been greater.

TrueFoundry’s latest funding round is not just a financial milestone, but a significant step towards a larger goal. As enterprises continue to embrace AI-driven solutions, platforms like TrueFoundry are playing a pivotal role in democratizing AI adoption. This mission should make the audience feel included and part of a larger movement towards a more AI-driven future.

With its innovative Agent on Autopilot, TrueFoundry is set to redefine how organizations deploy, manage, and scale AI, making it more accessible, efficient, and impactful than ever before.

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.

Perspective AI is a Palo Alto, CA-based developer of an artificial intelligence-powered research assistant intended to interview people at a particular scale. The company’s platform uses AI-powered interviews to collect feedback more naturally and engagingly than traditional surveys, enabling businesses to gather more profound and honest insights from their stakeholders.

Perspective AI was funded $4 million led by Village Global, Array Ventures, Honeystone VC, Recursive Ventures, Darkmode VC, and angel investors.

Founded by industry veterans, Perspective AI aims to revolutionize how businesses understand and engage with customers. The company’s innovative platform leverages advanced artificial intelligence to provide deep, actionable insights into customer behaviors, preferences, and sentiments. This approach enables companies to make informed decisions, tailor their offerings, and enhance customer satisfaction.

The core of Perspective AI’s technology is its ability to analyze vast amounts of data from various customer touchpoints. The platform constructs a comprehensive view of the customer journey by processing information from social media interactions, customer reviews, support tickets, and other channels. This holistic perspective allows businesses to identify trends, detect potential issues, and uncover opportunities that might otherwise remain hidden.

In a statement, the founders emphasized the growing need for businesses to move beyond traditional metrics and gain a more nuanced understanding of their customers. They highlighted that superficial data points are insufficient in today’s competitive market. Instead, a deeper, more empathetic approach is required to grasp customer needs and expectations truly.

The $4 million seed funding will be utilized to develop Perspective AI’s platform further, expand its features, and enhance its scalability. Additionally, the company plans to invest in building a robust team of experts in AI, data analytics, and customer experience to drive innovation and deliver value to its clients.

Investors have expressed strong confidence in Perspective AI’s vision and technology. A representative from Village Global noted that the startup’s approach addresses a critical gap in the market. Perspective AI empowers businesses to make strategic decisions that foster loyalty and drive growth by providing them with deeper insights into customer behaviors and sentiments.

As Perspective AI enters the public eye, it joins a growing list of companies leveraging artificial intelligence to transform business operations. The emergence of AI-powered platforms reshapes industries by offering tools that provide faster, more accurate, and more comprehensive insights than traditional methods.

The trend of AI-driven solutions emerging from stealth mode with substantial funding underscores the increasing demand for advanced tools that can provide deeper customer insights. As businesses strive to stay competitive, understanding customers’ nuanced needs and behaviors has become paramount.

Perspective AI’s emergence signals a significant step forward in this landscape. The company is poised to become a valuable partner for businesses aiming to enhance their customer engagement strategies by offering a platform that delivers comprehensive and actionable customer truths.

As the company moves forward, observing how Perspective AI’s technology impacts the market and how businesses integrate these deep insights into their operations to drive success will be interesting.

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.

CapeZero, a NYC-based developer of a finance structure software intended for clean energy finance projects. The company’s platform offers a suite of tools to simplify the complex process of tax equity and tax credit financing for clean energy developers, enabling clients to make informed financial decisions and accelerate the development of renewable energy projects.

CapeZero is addressing a critical bottleneck in the clean energy transition: the daunting complexity of financing renewable energy projects. From solar farms and wind turbines to large-scale battery storage systems, clean energy initiatives often face significant hurdles in securing funding due to convoluted financial structures, regulatory requirements, and diverse stakeholder needs.

The startup’s software platform aims to streamline this intricate process by leveraging AI-driven tools, predictive analytics, and real-time data integration. CapeZero enables project developers, investors, and financial institutions to assess risks, forecast returns, and structure deals more efficiently, making clean energy projects more accessible and scalable.

CapeZero was funded $2.6 million led by Powerhouse Ventures, with participation from Climactic, Avesta Fund, Virta Ventures, and notable angel investors of Stepchange. The new seed funding will be used to enhance the platform’s features, expand the team, and onboard key pilot customers. CapeZero is particularly focused on increasing its reach across North America and Europe, where renewable energy adoption is surging but often hindered by fragmented financing mechanisms.

Despite advancements in renewable energy technologies, financing remains a key barrier. Complex regulatory landscapes, fluctuating energy prices, and the sheer scale of investments required make securing funding a lengthy and cumbersome process. These obstacles have led to delays in project completion, ultimately slowing down the global transition to clean energy.

CapeZero’s platform is designed to address these challenges head-on. By automating document management, simplifying risk assessments, and creating a centralized hub for collaboration, CapeZero minimizes inefficiencies and enhances transparency. The software also integrates ESG (Environmental, Social, and Governance) compliance metrics, ensuring that projects meet sustainability benchmarks—a critical factor for attracting institutional investors.

What sets CapeZero apart is its ability to bridge the gap between clean energy project developers and financial stakeholders. The platform’s predictive analytics provide financiers with actionable insights into project feasibility, while developers gain access to a broader network of investors.

The company is also exploring blockchain technology to further enhance transparency and traceability in project financing, a move that could redefine how renewable energy deals are structured in the coming years.

CapeZero’s ambitious mission aligns with global goals to combat climate change and transition to a net-zero future. With the seed funding secured, the company is poised to scale its platform and impact the clean energy sector on a broader scale.

In the coming months, CapeZero plans to roll out pilot programs with select clean energy developers and financial institutions. These pilots will serve as proof-of-concept for the platform’s ability to significantly reduce the time it takes to close funding deals, which currently can stretch from months to years.

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.

Sunairio, a Baltimore, MD-based developer of a climate intelligence platform designed for renewable energy and market prediction. The company’s platform offers a proprietary climate simulation technology that generates probabilistic weather, energy, and market price forecasts, enabling energy industry customers to make better investment, planning, and operating decisions.

Sunairio was funded $6.4 million led by Buoyant Ventures, alongside Constellation Technology Ventures and MassMutual Ventures’ Climate Tech Fund, with additional participation from Rosecliff Ventures and existing angel investors.

Sunairio has emerged as a trailblazer in the field of climate modeling, leveraging artificial intelligence (AI) and machine learning (ML) to simulate complex environmental scenarios. The technology enables organizations to anticipate climate-related disruptions and make informed decisions to minimize risks.

With this fresh injection of capital, the company aims to broaden its market reach, refine its technology, and forge new partnerships across industries, including agriculture, energy, real estate, and government planning.

Rob Cirincione the founder of Sunairio said, climate change is one of the most pressing challenges of their time, and their mission is to empower decision-makers with accurate, actionable data. The new funding will allow them to scale the technology and make it accessible to a wider audience, equipping them to face the challenges of a changing climate.

Sunairio’s platform provides hyper-detailed climate simulations by combining decades of historical climate data with real-time information. Industries reliant on environmental stability are poised to benefit immensely.

For instance, agricultural businesses can use the technology to predict rainfall patterns, droughts, and heatwaves, optimizing crop yields while reducing losses. Similarly, the energy sector can model future impacts on renewable energy generation, ensuring better resource allocation.

Local governments and urban planners can also utilize the tool to build infrastructure, safeguarding communities against rising sea levels and extreme weather events.

Climate simulation technology is gaining traction as industries recognize the costs of inaction. From wildfire management in the United States to flood prevention in Europe, tools like Sunairio’s are at the forefront of a new era in risk mitigation.

The company’s platform stands out for its user-friendly interface, which distills complex data into accessible insights. This democratization of data ensures that even small-scale enterprises and local governments can harness the power of cutting-edge climate science.

Sunairio’s  new funding round represents a major milestone in the evolution of climate simulation technology. As the world faces increasingly severe challenges, solutions like Sunairio’s offer hope and practical strategies for resilience. Sunairio is set to transform how businesses, governments, and communities approach climate risks, underscoring the critical role of innovation in shaping a sustainable future.

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.