Essential AI, a San Francisco, CA-based company which specializes in building partnerships between humans and computers, raised $56.5M in Series A funding.
The round was led by March Capital with participation from AMD, Franklin Venture Partners, Google, KB Investment, NVIDIA, and Thrive Capital.
The company previously raised an $8.3M seed funding round led by Thrive Capital, with participation from investors Amjad Masad, Brad Gerstner, Conviction, Elad Gil, Francis D’Souza, David H. Patraeus, Gustavo Sapoznik, Jamie Montgomery, and Mei Zuo, for a total of nearly $65M in funding to date.
The company intends to use the funds to expand operations and its business reach.
Founded in 2023 and led by Ashish Vaswani and Niki Parmar, Essential AI provides enterprises with full-stack AI products that quickly learn to increase productivity by automating time-consuming and monotonous workflows. With human feedback and technical breakthroughs, its LLMs will empower users to solve progressively harder tasks and unlock critical skills, scaling the impact of organizations on society.
FinSMEs
12/12/2023