Ability AI, a martech startup focused on automating media buying across platforms like Meta and Google, secured $1.1 million in funding
Investors
The round was led by Ukrainian VC fund SMRK, with participation from Anthony Venus, Catherine Dahl, Nick Bilogorskiy, Andrey Akselrod, Dominic Schiavone, Vital Laptenok, Deborah McGargle, Joseph Lemay, Kendall Hope Tucker, and SID Venture Partners.
SMRK, a global VC founded in 2013, focuses on seed through Series B stages and provides $500,000-$1.5 million checks to startups with a clear connection to Ukraine and a high potential to bring positive economic, social, and environmental impact.
Ability AI Use of Funds
The company will use the funds to expand the team, advance product development, and launch their systems for public clients across the US and Europe.
About Ability AI
Founded by Eugene Vyborov in 2023 and later joined by Oleksiy Osypenko, Ability AI offers full-cycle paid marketing automation services. Leveraging AI, it automates tasks from strategy development to analytics. The platform includes agents responsible for strategy, content, landing pages, media buying, analytics, and overall marketing management. Its UX solution is based on an interface for communicating with agents via chat or voice commands, along with widgets for real-time information updates. The company is registered in Delaware, USA.
Funding Details
Company: Ability AI
Raised: $1.1M
Round: Pre-Seed Round
Funding Month: June 2024
Lead Investors: SMRK
Additional Investors: Anthony Venus, Catherine Dahl, Nick Bilogorskiy, Andrey Akselrod, Dominic Schiavone, Vital Laptenok, Deborah McGargle, Joseph Lemay, Kendall Hope Tucker, SID Venture Partners
Company Website: https://www.ability.ai/
Software Category: AI Paid Marketing Automation
Source: https://ain.capital/2024/06/25/ability-ai-pre-seed-funding-1-1m/