Tech Company Financing Transactions
Kern AI Funding Round
Faber Ventures, Seedcamp and another.vc participated in a $2.9 million Seed venture round for Kern AI. The funding round was announced on 2/16/2023.
Transaction Overview
Company Name
Announced On
2/16/2023
Transaction Type
Venture Equity
Amount
$2,893,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Gerhart-Hauptmann-Allee 71
Eichwalde, 15732
DE
Eichwalde, 15732
DE
Phone
Undisclosed
Website
Email Address
Overview
The rise of artificial intelligence is one of the most important developments of our time. We believe that its biggest impact will be felt in the field of natural language processing, enabling new ways of interaction between humans and machines. It will impact how we search for information, how we get creative about new content, and ultimately how we get things done. As large language models are becoming more and more powerful, we further believe that the next step is to make them more data-centric. This gives developers and scientists the superpower to control and shape the models to their needs. And for this to happen, data must finally be the first-class citizen in the world of NLP. We will not stop until training data is treated as if it were software code, such that ideas can be turned into reality in a matter of hours.
Management Team
Title
Name
Email & Social
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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