Modern Intelligence, an Austin, Texas-based AI startup focused on the defense sector, raised $5m in seed funding.
The round was led by Bedrock founder and managing partner Geoff Lewis, with participation of Vine Ventures, Air Street Capital, and Contrary Capital.
The company intends to use the funds to deliver and test its solutions.
Founded in 2021 by investment and software engineer John Dulin; developer and former CEO of Whiteboard Dynamics Joe Cieslik; and AI scientist and mathematician Tristan Tager, Modern Intelligence is an artificial intelligence company focused on creating AI that uses proprietary advances in information and complexity theory, with specific applications to accelerate the adoption of artificial intelligence in the defense industry.
Cutlass, the company’s AI product, will help bring modular AI to every maritime problem by performing real-time sensor fusion. The solution allows existing military hardware and command & control systems to track, analyze, and learn about their maritime targets on missions such as drug interdiction, vessel boarding & seizure, and fleet combat.
MI’s advisory board includes three highly-recognized AI and defense experts:
- Hon. Ellen Lord, the former Undersecretary of Defense for Acquisitions and Sustainment and former CEO of Textron Systems;
- Jason Yosinski, co-founder of Uber AI Labs; and
- Jacqueline Tame, former Deputy Director of the DoD’s Joint AI Centerand a former member of the House Permanent Select Committee on Intelligence.
FinSMEs
18/03/2022