Chalk, a San Francisco, CA-based data platform for machine learning, has secured $10 million in seed funding.
SaaS Investors
The round was led by General Catalyst, Unusual Ventures, and Xfund.
General Catalyst is a venture capital firm based in San Francisco, California. Founded in 2000, the firm prefers to make investments in seed-stage, early-stage, later-stage, and growth-stage companies operating in consumer, enterprise, fintech, crypto, health assurance, software, transportation, big data, and technology sectors.
Founded in 2018, Unusual Ventures is a venture capital firm based in Menlo Park, California. The firm prefers to invest in companies operating in the enterprise, development tools, consumer, software, machine learning, cybersecurity, infrastructure, software-as-a-service, fintech, mega marketplaces, and information technology sectors.
Xfund is a venture capital firm based in Palo Alto, California. The firm prefers to invest in early-stage companies operating in the healthcare, energy, and information technology sectors.
Chalk Use of Funds
The funds will be used to accelerate platform development, expand its customer base, and grow its engineering and go-to-market teams.
About Chalk
Chalk is a data platform that powers machine learning and generative AI. Chalk's platform includes a computation layer and low-latency machine learning (LLM) toolchain that enables teams to orchestrate data for real-time decisions. Chalk's platform is designed to provide real-time machine learning capabilities for sectors such as fintech, e-commerce, healthcare, insurance, and other mission-critical applications.
Funding Details
Company: Chalk AI, Inc.
Raised: $10.0M
Round: Seed Round
Funding Month: December 2023
Lead Investors: General Catalyst, Unusual Ventures, and Xfund
Additional Investors:
Company Website: https://www.chalk.ai/
Software Category: Data Platform for Machine Learning
Source: https://www.businesswire.com/news/home/20231212959060/en/