Ikigai Labs, a San Francisco, CA-based company that unlocks the power of generative AI for tabular data, raised $25 million in Series A funding.
The round was led by Premji Invest with participation from Foundation Capital and e& capital. The capital will further Ikigai Lab's vision to revolutionize the way enterprises harness AI.
Ikigai Labs offers a no-code platform built upon three proprietary foundational components: aiMatch, designed for data reconciliation; aiCast, facilitating prediction tasks; and aiPlan, enabling scenario planning and optimization.
"I see the challenges that individuals face in understanding what can be done with their tabular data, together with the struggle for enterprises to leverage the latest technological innovations in AI," said Devavrat Shah, Co-founder and Co-CEO, Ikigai Labs and Andrew (1956) and Erna Viterbi Chair Professor of AI and Decisions at MIT. "With Ikigai, we see a clear opportunity to help the global workforce harness the power of AI. We are excited to work with Premji Invest, Foundation Capital, e& capital and luminaries like Diane Greene, who are enabling us to make Generative AI for tabular data truly effective across enterprises."
Company: Ikigai Labs, Inc.
Raised: $25.0M
Round: Series A
Funding Month: August 2023
Lead Investors: Premji Invest
Additional Investors: Foundation Capital and e& capital
Company Website: https://www.ikigailabs.io/
Software Category: Operational BI platform
About the Company: Ikigai is an AI app platform that provides enterprises with the insight they need to make faster, better decisions to drive growth. Using breakthrough technology to conduct forecasting, scenario planning, data preparation, and stitching, enterprises can generate data insights at scale and detect patterns to gain a competitive edge. Ikigai works for any data: structured or unstructured, clean or dirty, small or big.
Source: https://www.prnewswire.com/news-releases/ikigai-labs-announces-25m-in-series-a-funding-to-bring-generative-ai-for-tabular-data-to-all-enterprises-301908366.html