BlueFlame AI, a New York-based generative AI platform for alternative investment managers, raised $5 million in Series A funding.
Investors
The round was contributions from industry leaders, strategic partners, and the management team. The round has elevated BlueFlame's valuation to $50 million.
BlueFlame AI Use of Funds
The company will use the funding to accelerate its growth trajectory, enhance its generative AI platform, and expand its team.
About BlueFlame AI
BlueFlame AI provides generative AI platform to helps alternative investment managers with AI and Large Language Models (LLMs) to achieve significant time savings and efficiency gains while ensuring compliance. Blueflame integrate extensive data, advanced algorithms, and deep domain expertise to streamline operations and enhance outcomes for private equity firms, hedge funds, wealth managers, private credit firms, and funds of funds.
Funding Details
Company: BlueFlame AI, LLC
Raised: $5.0M
Round: Series A
Funding Month: June 2024
Lead Investors: Undisclosed
Additional Investors:
Company Website: https://www.blueflame.ai/
Software Category: Financial
Source: https://www.businesswire.com/news/home/20240625418646/en/