Dexa, a New York-based startup that focuses on podcast search, using indexing techniques and a knowledge graph to enable users to find specific content within podcast episodes has raised $6 million in seed funding.
SaaS Investors
The round was led by Abstract Ventures and The General Partnership, with participation from Maple VC and Guillermo Rauch.
Abstract Ventures is a venture capital investment firm based in San Francisco, California. Founded in 2016, the firm prefers to invest in companies operating in the biotechnology, consumer, crypto-blockchain, and enterprise frontier technology sectors.
Founded in 2018, The General Partnership is a venture capital firm based in San Francisco, California. The firm prefers to invest in technology companies.
Dexa Use of Funds
The startup plans to use the funding to hire more engineering staff and continue its organic growth.
Dexa is launching a redesigned site and has partnered with Huberman Labs to embed its search on the podcast's site. The company is also planning to introduce a mobile app and account creation for users to save their searches.
About Dexa
Founded by Riley Tomasek in 2023, Dexa is a developer of an artificial intelligence podcast platform designed to help users explore, search, and ask questions using AI bots from podcasts. The company's platform uses AI assistants to offer tailored answers from podcast episodes, enabling users to find relevant episodes by keyword, topic, or guest and break them down into digestible chapters. Dexa has answered over 1 million queries in the nine months since its launch.
Funding Details
Company: Dexa AI, Inc.
Raised: $6.0M
Round: Seed Round
Funding Month: February 2024
Lead Investors: Abstract Ventures and The General Partnership
Additional Investors: Maple VC and Guillermo Rauch
Company Website: https://dexa.ai/
Software Category: AI Podcast
Source: https://techcrunch.com/2024/02/05/dexa-aims-to-get-more-out-of-podcasts-with-ai-powered-search/