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)

40 North Management

Autotech Ventures

Booz Allen Hamilton

Lockheed Martin

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
Phone
Undisclosed
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
Latent AI LinkedIn Company Profile
Social Media
Latent AI Company Twitter Account
Company News
Latent AI News
Facebook
Latent AI on Facebook
YouTube
Latent AI on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jags Kandasamy
  Jags Kandasamy LinkedIn Profile  Jags Kandasamy Twitter Account  Jags Kandasamy News  Jags Kandasamy on Facebook
Chief Technical Officer
Sek Chai
  Sek Chai LinkedIn Profile  Sek Chai Twitter Account  Sek Chai News  Sek Chai on Facebook


 

 

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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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