Fora, a NYC-based provider of an executive relationship management (ERM) platform, raised $3.8M in Pre-Seed funding.
The round was led by Converge, with participation from GTM Fund, Zelkova Venture Partners, Acadian Ventures, 14Peaks, and others. Nilanjana Bhowmik, founder and general partner of Converge, and Susan Vitale, former CMO of cloud-based recruitment platform iCIMS, have joined Fora’s board.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Joe Essenfeld, Fora provides an ERM platform committed to enhancing the strategic capabilities of executive leaders across medium to large enterprises. The platform is designed to address the challenges faced by executive leaders, moving beyond the traditional focus of AI solutions, which cater predominantly to knowledge and task workers. By channeling an organization’s continuous daily information flow into actionable insights, the solution enables leaders to navigate the complexities of their roles with clarity and efficiency across medium to large enterprises, allowing them to concentrate on strategic decision making and relationship building.
Commenting on the news, Joe Essenfeld said: “In a landscape dominated by AI solutions designed for widespread use among knowledge and task workers, Fora stands apart by specifically serving the C-suite. Going beyond enhancing decision-making capabilities, Fora ensures the highest levels of safety and security. Our platform acts as a safeguard for executive leaders, integrating AI to support strategic decisions while conscientiously minimizing organizational liability related to the retention of meeting recordings and transcripts. This careful approach advances leadership effectiveness and protects sensitive information, establishing Fora as a vital ally for the C-suite in navigating AI adoption with confidence and reduced risk.“
FinSMEs
01/02/2024