AI Squared, a Washington, DC-based company that helps organizations deliver data and AI insights into business applications, raised $13.8M in Series A funding.
The round was led by Ansa Capital with participation from existing investors NEA and Ridgeline. Roger W. Ferguson Jr., former Vice Chairman of the Federal Reserve and board member of Alphabet Inc, has also invested and will join the company’s Board of Directors. As part of the investment, Ansa Capital co-founder and General Partner Allan Jean-Baptiste will join AI Squared’s board.
The company intends to use the funds to expand its team, and further develop its platform.
Led by Founder and CEO Benjamin Harvey, AI Squared helps organizations deliver data and AI insights into their business applications. Its solutions are currently being rolled out across government organizations, as well as Fortune 500 corporations across the finance, manufacturing, and health industries. Its team carries deep data science experience across large tech companies such as Databricks and Microsoft, financial organizations such as JPMorgan Chase, as well as the National Security Agency.
Commenting on the news, Benjamin Harvey said: “Deploying a single model often requires the use of over 10 tools. AI Squared’s tools directly tackle this ‘last mile’ problem, and make it much easier for businesses to deploy, use, and improve the use of AI within their teams.”
FinSMEs
17/04/2024