Virtualitics Inc., a Pasadena, Calif.-based AI-driven data analytics software company, closed a $18m Series B funding.
The round was led by North Sound Ventures with participation from existing investors Centricus and The Venture Reality Fund. In conjunction with the funding, Brian Miller, Chief Investment Officer of North Sound Partners, has joined Virtualitics’ Board of Directors.
The company intends to use the funds to expand its business with the defense industry as well as accelerating and increasing engagements in commercial markets, including use cases in healthcare, finance, industrial IOT and motorsports with several Fortune 500 companies.
Led by Michael Amori, CEO, and Ciro Donalek, CSO, Virtualitics provides a SaaS AI-driven data analytics and 3D visualization platform that lets anyone discover and communicate actionable insights from complex data quickly.
Virtualitics’ patented technology is based on research at California Institute of Technology and NASA’s Jet Propulsion Laboratory (JPL).