Humata AI, an Austin, Texas-based company that offers an AI platform that simplifies complex research publications and knowledge discovery, raised $3.5 million in a seed funding.
SaaS Investors
The round was led by Google's Gradient Ventures, with participation from ARK Invest, M13, and other prominent angel investors.
Gradient Ventures, Google's AI-focused venture fund, helps founders build transformational companies. The fund focuses on helping founders navigate the challenges in developing new technology products, using the latest best practices in recruiting, marketing, design, and engineering so that great ideas can come to life. Gradient was founded in 2017 and is based in Palo Alto, California.
Humata AI Use of Funds
The company plans to use the funds to accelerate its product development and expand its team.
The funding will enable Humata AI’s boost its mission to innovate knowledge discovery, enabling individuals and organizations to fully utilize their data.
About Humata AI
Founded by Cyrus Khajvandi and Dan Rasmuso, Humata is an artificial intelligence company that is transforming the way businesses operate. Humata AI offers an AI platform that simplifies complex research publications and knowledge discovery. Users can ask AI-powered queries about their data and files to receive instant answers, enabling them to discover insights and save time. The platform empowers individuals and organizations to seamlessly extract insights and answers from a single or multiple PDFs simultaneously, revolutionizing the way people learn, discover, and work. With the latest advancements in AI technology, Humata AI helps companies unlock new opportunities, improve efficiency, and drive innovation.
Funding Details
Company: Tilda Technologies Inc.
Raised: $3.5M
Round: Seed Round
Funding Month: October 2023
Lead Investors: Gradient Ventures
Additional Investors: ARK Invest, M13
Company Website: https://www.humata.ai/
Software Category: AI-powered Knowledge and Discovery Platform
Source: https://www.humata.ai/blog/humata-secures-35m-in-funding