Grasp Raises $1.9M to Expand AI Platform for Finance Industry

Grasp Raises $1.9M in Funding

Key Highlights:

• Funding Round: Grasp, an AI assistant for investment banks and management consultants, raised $1.9 million in funding.
• Investors: Yanno Capital and Philian Invest led the funding round.
• AI Platform: Grasp's AI platform utilizes generative AI and language models to streamline complex tasks in the finance industry.
• Global Expansion: The funding will be used to accelerate the development of the AI platform and support Grasp's global expansion.

Grasp's Target Market

• Investment Banks: Targeting investment banks that can benefit from AI-powered automation and streamlining of complex tasks.
• Management Consultants: Providing AI assistance to management consultants, enabling them to enhance their productivity and efficiency.
• Finance Industry Professionals: Offering AI solutions to professionals in the finance industry, including analysts, advisors, and strategists.

What Grasp Needs to Buy

• AI Research and Development: Investing in AI research and development to enhance the capabilities of their platform and stay at the forefront of AI technology.
• Global Market Expansion: Expanding their presence in key markets by establishing partnerships and acquiring customers in new regions.
• Marketing and Sales Support: Engaging with marketing and sales service providers to effectively promote their AI platform and acquire new clients.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.