AI Squared Raises $13.8M for Team Expansion and Platform Development

AI Squared Raises $13.8M in Series A Funding

AI Squared's Series A Funding

Key Highlights:

  • Series A Funding: AI Squared raised $13.8 million in Series A funding.
  • Investors: Ansa Capital led the round, with participation from NEA and Ridgeline. Roger W. Ferguson Jr., former Vice Chairman of the Federal Reserve and board member of Alphabet Inc, also invested and will join the company's Board of Directors.
  • Expansion and Development: The funding will be used to expand the team and further develop AI Squared's platform.

AI Squared's Target Market

  • Target Market: Government organizations and Fortune 500 corporations in the finance, manufacturing, and health industries.
  • Organizations Seeking Data and AI Integration: Businesses looking to incorporate data and AI insights into their existing applications and workflows.
  • Companies with AI Initiatives: Organizations with ongoing AI projects and initiatives, aiming to streamline the deployment and utilization of AI models.

What AI Squared Needs to Buy

  • Talent Acquisition: Hiring data science and AI experts to expand the team and enhance the platform's capabilities.
  • Partnerships and Integrations: Collaborating with technology and industry partners to integrate AI Squared's solutions into existing business applications.
  • Marketing and Sales Support: Services to support market expansion, customer acquisition, and effective sales strategies.