aiXplain, a San Jose, CA-based provider of essential infrastructure for accelerated AI development, has raised $6.5 million in pre-Series A funding, bringing its total raised capital to $16.5M.
Investors
The round was led by Wa’ed Ventures, with participation from angel investors, including Osama Elkady, CEO and Co-founder of Incorta, and global business expert Kane Minkus, who also contributed to this round.
Wa’ed Ventures is a $500 million venture capital firm owned by Aramco, established in 2013 to support economic diversification and business growth in Saudi Arabia. Based in Dhahran, it invests in high-growth tech startups across various sectors and manages a portfolio of over 70 startups, offering comprehensive support from funding to resource access.
aiXplain Use of Funds
The company will use the funding for its AI development platform and expanding its global footprint.
About aiXplain
aiXplain provides essential infrastructure for activating AI agents. Founded in 2020, aiXplain has been working with organizations like The Saudi Data & AI Authority (SDAIA) and now supports businesses globally. Their platform includes access to over 40,000 AI assets and tools. Their new product, Bel Esprit, is a user-friendly AI application currently in open beta. It is designed for non-technical users to create sophisticated AI solutions using natural language prompts. Acts as an “agent of agents” by combining, organizing, and executing various AI assets to build end-to-end AI pipelines.
Funding Details
Company: aiXplain, Inc.
Raised: $6.5M
Round: Pre-Series A
Funding Month: July 2024
Lead Investor: Wa’ed Ventures
Additional Investors: Osama Elkady, Kane Minkus
Company Website: https://aixplain.com/
Software Category: AI Development
Source: https://www.einnews.com/pr_news/728139645/aixplain-secures-6-5m-pre-series-a-to-universalize-ai-agent-development