Tech Company Financing Transactions
Latent AI Funding Round
Latent AI, based in Menlo Park, secured $19 million from Blackhorn Ventures, Future Ventures and 40 North Management.
Transaction Overview
Company Name
Announced On
8/11/2021
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
Blackhorn Ventures (Lead Investor)
Future Ventures (Lead Investor) (Steve Jurvetson)
Proceeds Purpose
With fresh funding and a small but growing customer base that pays Latent AI on a subscription basis to access its tools (then deploy them on premises), the question is whether the 15-person outfit is coming along far enough, fast enough, to get ahead of its current and future rivals.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
333 Ravenswood Ave.
Menlo Park, CA 94025
USA
Menlo Park, CA 94025
USA
Phone
Undisclosed
Website
Email Address
Overview
We're an early stage venture spinout of SRI International, well-funded by industry-leading investors with support from Fortune 500 clients. Our seasoned team has many years of experience in machine learning, AI, computer vision, embedded systems, IoT applications, and high performance computing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jags Kandasamy
Chief Technical Officer
Sek Chai
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About Our Venture Capital Transactions Database
We do our best to document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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