Beyond Limits, a Los Angeles, CA-based industrial and enterprise-grade AI technology company built for the most demanding sectors, including energy, utilities and healthcare, raised a $113m Series C funding round.
Another approximately $20m have been committed.
This round was led by Group 42, a prominent AI and cloud computing company, and bp ventures, an existing two-time investor and customer of the company.
The company intends to use the funds to expand its business both in the United States and abroad, including the launch of Beyond Limits Asia, with regional headquarters in Singapore and operations in Hong Kong, Taipei and Tokyo and further expansion across Europe, the Middle East, Africa and Asia, accelerate its Cognitive AI application development and SaaS product portfolio and the Beyond Labs R&D program.
Founded in 2014 and led by AJ Abdallat, CEO, Beyond Limits is an industrial and enterprise-grade artificial intelligence company built for the most demanding sectors including energy, utilities, and healthcare. Its Cognitive AI combines encoded human knowledge with available data sources, allowing systems to adapt and continue to operate in situations where data may be in short supply or missing altogether.