Virtualitics, Inc., a Pasadena, CA-based artificial intelligence and data exploration company, raised $37m in Series C financing.
The round was led by Smith Point Capital with participation from Citi and advisory clients of The Hillman Company, among other investors.
The company intends to use the funds to continue to invest in growth and innovation, to enhance its AI platform leadership by adding more machine learning and data analytics capabilities as well as self-serve prescriptive workflows to make it easy for customers to analyze and understand complex data and transform their business.
Led by Michael Amori, CEO, Virtualitics provides an Intelligent Data Exploration platform, which delivers out-of-the-box artificial intelligence capabilities that enable advanced analytics for more people and organizations. The Virtualitics AI Platform automatically discovers hidden patterns in complex, multi-dimensional data, delivering rich 3D visuals and immersive experiences that guide more informed decisions to enable public and private sector organizations to gain real value from all of their data, accelerating their AI initiatives.
The Intelligent Exploration platform’s advanced AI technology allows users to make queries in natural language, explore complex datasets, uncover critical insights, and generate multi-dimensional network graph visualizations. Its patented VR/AR capabilities also enable real-time collaboration across multiple users and locations.
FinSMEs
10/08/2023