Category: angel investors

Avante, a Seattle, WA-based startup. In a significant milestone for technology innovation, Avante, the cutting-edge technology firm specializing in enterprise product, and commercial services.

Avante was funded $10 million in a recent funding round. The investment will be earmarked to propel Avante’s product development initiatives and bolster its engineering and data science teams.

The funding round was led by FUSE, with participation from Ascend Venture Capital, Highsage and a group of strategic angel investors. This substantial injection of capital underscores the confidence the investment community has in Avante’s vision and the potential of its technological advancements.

Avante, known for its commitment to pushing the boundaries of technological innovation, plans to allocate the funds strategically. A significant portion will be channeled into accelerating the development of Avante’s flagship products. This infusion of capital will empower Avante to expedite its roadmap, bringing cutting-edge solutions to market faster than ever before.

Moreover, a considerable portion of the funds will be directed towards expanding Avante’s engineering and data science teams. This investment in human capital is pivotal for maintaining Avante’s position at the forefront of technological breakthroughs. By attracting top-tier talent, Avante aims to enhance its research and development capabilities, ensuring a steady stream of innovative products and solutions.

They are thrilled to have the support of our investors as we embark on this exciting phase of growth, commented Rohan D’Souza Avante CEO. This funding will fuel their mission to pioneer groundbreaking technologies that address the evolving needs of their clients and the industry at large. They are also excited to welcome new talents to their team, fostering a diverse and dynamic environment that will drive their innovation agenda forward.

The news of Avante’s successful funding round comes at a time when the demand for advanced technological solutions is escalating across various sectors. As Avante continues to push the boundaries of what is possible, this latest investment positions the company for sustained success and establishes it as a key player in shaping the future of enterprise software.

With this injection of funds, Avante is well-positioned to make significant strides in its product development, solidify its position as an industry leader, and make lasting contributions to the rapidly evolving landscape of technology and innovation. The company’s commitment to excellence and the advancement of cutting-edge solutions is now fortified by a robust financial foundation, ensuring a promising future ahead.

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.

Via Scientific, a Boston, MA-based a pioneering company at the forefront of revolutionizing life science research.

Via Scientific was funded $5 million, this substantial financial backing is poised to propel the company’s mission to expedite the pace of discovery in the field of life science. The funding round was led by G20 Ventures and Innospark Ventures. The syndicate also included Life Science and AI Angel investors including Melissa J. Moore, former CSO of Moderna, Rob Hickey, Former EVP at DataRobot, and Janet Kosloff, Founder, and former CEO of InCrowd, Inc.

Via Scientific’s groundbreaking approach and vision for transforming the landscape of scientific discovery garnered substantial interest from investors seeking to support cutting-edge advancements in the field. Specializes in leveraging advanced technologies, including artificial intelligence and machine learning, to revolutionize the process of drug discovery and development. Their proprietary platform harnesses the power of data analytics and computational biology, enabling researchers to expedite the identification and validation of potential drug candidates with unprecedented efficiency.

Jim Crowley Via Scientific CEO said, that they are thrilled by the support and confidence shown by their investors, which reflects the recognition of their commitment to transforming life sciences research. For him the funding will significantly accelerate their efforts to bring about meaningful advancements in drug discovery, ultimately impacting patient care and healthcare outcomes.

The infusion of capital will primarily fuel the expansion of Via Scientific’s research and development efforts. The company plans to enhance its technological infrastructure, further refine its AI algorithms, and broaden its collaborations with pharmaceutical partners and research institutions.

Via Scientific’s innovative approach aims to streamline the traditionally laborious and time-consuming process of drug discovery, potentially expediting the development of life-saving treatments for various diseases.

This significant funding milestone marks a pivotal moment for Via Scientific, providing the resources needed to push the boundaries of life sciences research and bring forth novel therapeutic solutions that could positively impact global healthcare.

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.

Claim, a San Francisco, CA-based Operator of a social application intended to turn brand discovery into a fun and social app experience. The company offers cash-back, exclusive access to events, and free merchandise just by shopping at a favorite brand. It lets customers share benefits with their friends by gifting and trading reward.

The Claim was funded $4 million led by Sequoia Capital with participation from Susa Ventures, BoxGroup, 6th Man Ventures, Reflexive Capital, A* Capital, GSW Ventures, The Kraft Group, Theia, Luke deWilde, and many other angel investors.

The company plans to use the new funding to hire fresh talent and grow its eight-person team over the next year. Claim will also use the funding to focus on testing and learning from an engineering perspective before expanding into new markets.

Founded in 2021, Claim has quickly gained attention with its innovative approach to social networking. Unlike traditional platforms, Claim integrates a reward-based system that allows users to earn points through engagement and interactions. These points can be traded among friends or redeemed for various services and products within the platform.

The idea behind Claim is simple yet transformative. Users earn points by creating content, engaging with others’ posts, or participating in community activities. These points act as a virtual currency within the platform, fostering a sense of accomplishment and incentivizing positive interactions.

Claim’s unique model could alter the landscape of social media engagement. CEO and co-founder Sam Obletz said they’re shifting the focus from passive scrolling to active, rewarding participation. Their platform is designed to make social media interactions more meaningful.

How Claim Stands Out

Reward System: Unlike any other social media platform, Claim rewards users for their engagement.

Community Building: Encourages users to participate and contribute to their communities actively.

User Experience: Focuses on positive and constructive interactions.

Flexibility: Users control how they use and distribute their earned points.

The concept has already stirred interest in the tech community. Market analysts predict that Claim’s model could introduce a new wave of social media platforms prioritizing active user engagement and tangible rewards.

As Claim moves forward with its innovative approach, it’s clear that the social media landscape might be on the brink of a significant transformation. This funding marks a milestone for the company and potentially for the entire industry, paving the way for a more interactive and rewarding social networking experience.

By: K. Tagura

Author statement:

Who we are: InvestorsFunded.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.

UltiHash, a Berlin, Germany- and San Francisco, CA-based. Operator of a data infrastructure platform intended to grow data storage across the cloud and on-premises sustainably. The company’s platform connects cloud architectures with a unified infrastructure and maximizes the resource efficiency of big data applications, enabling clients to prevent unwanted redundancies and solve costly connectivity issues.

UltiHash was funded $2.5 million led by Inventure, with participation from PreSeedVentures, Tiny VC, Futuristic VC, The Nordic Web, Antti Karjalainen, Founder, and angel investors for Sequoia Capital, and other private investors.

Founded in 2022 by Tom Lüdersdorf – Co-Founder and CEO, Katja Belova – CTO, UltiHash is a data storage infrastructure that allows companies to grow data sustainably. The company connects cloud and on-premises architectures with a unified storage infrastructure and maximizes the resource efficiency of Big Data applications.

UltiHash has been at the forefront of developing eco-friendly data storage solutions. UltiHash’s unique approach combines cutting-edge algorithms with renewable energy sources to create a data storage solution that is not only more cost-effective than traditional methods but also significantly reduces carbon footprint. Their proprietary technology allows for high-density data storage, which uses less physical space and energy.

Data centers are one of the largest energy consumers globally, contributing substantially to carbon emissions. UltiHash’s solution directly addresses this challenge by significantly reducing the energy required for data storage. This reduction in energy use is not just beneficial for the environment but also translates into lower operational costs for clients.

With this new infusion of capital, UltiHash plans to expand its research and development efforts and scale its operations. The company aims to deploy its technology in partnership with major cloud service providers and data centers, demonstrating the practicality and benefits of its system on a large scale.

The founder of The Nordic Web Antti Karjalainen said, they see immense potential in UltiHash’s technology to set new standards in the data storage industry. Their focus on sustainability aligns perfectly with our mission to support innovative solutions that can make a real difference in reducing environmental impact.

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.

Distributional, a San Francisco, CA-based developer of an AI testing and evaluation platform intended to make AI risk safe, reliable, and secure. The company provides tools for continuous monitoring, generating test cases and analyzing results to ensure AI systems perform as expected, enabling customers to trust AI, ship AI products more frequently and realize the full potential impact of AI on their organization.

Distributional was funded $11 million led by Andreessen Horowitz with participation from Operator Stack, Point72 Ventures, SV Angel, Two Sigma, Willowtree Investments, and dozens of AI leaders as angel investors.

The investment is set to fuel the development of cutting-edge software aimed at minimizing potential threats associated with artificial intelligence systems. Distributional’s approach stands out for its focus on proactively managing and mitigating AI risk arising from AI advancements, a concern that has garnered increased attention in recent years.

CEO and co-founder, Scott Clark expressed his excitement about the support received, emphasizing the critical need for solutions addressing AI risks. AI holds immense promise, but it also introduces complex challenges and potential risks. At Distributional, they are committed to creating software that ensures the safe and responsible development and deployment of AI systems.

The company’s software aims to tackle a spectrum of AI-related risks, including algorithmic biases, unintended consequences, and potential threats arising from autonomous systems. By leveraging advanced algorithms and machine learning techniques, Distributional seeks to provide developers and organizations with tools to anticipate and mitigate these risks proactively.

The new capital is expected to bolster Distributional’s research and development efforts, accelerating the deployment of their software solutions. The company plans to expand its team of AI ethicists, data scientists, and software engineers to spearhead the initiative.

Clark emphasized that while AI brings unprecedented opportunities, it’s imperative to address the associated risks comprehensively. Their mission is to ensure that as AI continues to advance, it does so with a keen eye on safety, fairness, and accountability. This investment will significantly advance their progress toward achieving this goal.

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.

Armada is a San Francisco, CA-based Developer of an edge computing platform designed to revolutionize connectivity, computing, and artificial intelligence (AI) tools. The company builds and operates a resilient, secure, and scalable infrastructure, with a matching software component, providing users with a single control plane to efficiently manage and optimize data.

Armada was funded $55 million led by Founders Fund, Lux Capital, Shield Capital, and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC and a cohort of other angel investors.

The funding will propel Armada forward in its mission to bridge the global digital divide, empowering businesses and communities to leverage all their data, regardless of where it’s generated. Armada is dedicated to unlocking the potential of generative AI, edge computing, and predictive models on a global scale. Armada’s mission of democratizing access to data analytics tools has resonated strongly with these backers.

The primary goal of Armada is to break down barriers hindering the effective utilization of data by businesses and communities across the globe. Despite the exponential growth of digital information, many entities need help leveraging their data effectively, especially in areas with limited connectivity and resources.

The CEO of Armada, Dan Wright, and Chief Operating Officer Jon Runyan expressed immense enthusiasm and gratitude for the support received. Wright highlighted that the funding injection would significantly aid in expanding Armada’s reach to underserved regions, allowing them to harness the power of their data for growth and development.

Armada’s innovative approach centers on creating accessible, user-friendly data analytics tools tailored for various environments, ensuring that irrespective of location or resources, businesses, and communities can unlock the potential of their data.

By providing the means for businesses and communities to capitalize on their data reservoirs, Armada envisions a future where data is not a limitation but an opportunity for empowerment and growth.

The strides made by Armada in addressing the global digital divide and empowering entities to maximize their data potential speak to a promising future where technological resources are accessible to all, transcending boundaries and driving collective advancement.

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.

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.