Elm AI, a NYC-based provider of an AI-driven platform helping enterprises improve sustainability and operational performance across their supply chains, raised $2M in funding.
The round was led by Beta Boom Fund and Working Capital Fund, with participation from Boro Capital Partners, Very Serious Ventures, Gorges Ventures, The Bond Collective, and Textbook Ventures.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2023 by Advait Raykar, Aparajita Thakker, Ken He, and Eesha Khanna, Elm AI provides an AI-driven system of record for supplier sustainability, performance, and risk data. The platform automates complex workflows, empowering companies to achieve efficiency and sustainability in their supply chain operations.
It is a Cornell University spinout.
FinSMEs
14/04/2025