Diveplane, a Raleigh, North Carolina-based company keeping humanity in artificial intelligence (AI), raised $25M in Series A funding.
Backers included Sigma Defense LLC, a portfolio company of Sagewind Capital, Shield Capital, Calibrate Ventures and L3Harris Technologies. As part of the agreement, Philip Bilden, Managing Partner of Shield Capital, will join the Diveplane board of directors.
The company intends to use the funds to invest further in its AI solutions, while facilitating targeted growth to meet increased market demand.
Founded in 2018 by Dr. Michael Capps and Dr. Chris Hazard, Diveplane helps businesses and government organizations concerned with data privacy to better understand and leverage the power of their data through AI tools that are trainable, interpretable and auditable. The company’s solutions are designed around the principles of predict, explain and show, creating user confidence that operational decisions are built on a foundation of fairness and transparency.
FinSMEs
12/09/2022