Maven AGI, a Boston, MA-based artificial intelligence startup, raised $20 million in Series A funding, bringing its total raised to $28 million.
Investors
The round was led by M13 Ventures Management LLC, with participation from Lux Capital Management LLC, E14 Fund (MIT founder fund), and key executives from leading tech companies such as OpenAI, Google LLC, HubSpot, and Stripe Inc.
M13 is an early-stage (seed and Series A) venture capital firm that invests in visionary founders building disruptive software businesses. It was founded in 2016 and is based in Santa Monica, California.
Maven AGI Use of Funds
The company will use the funds to accelerate its growth, expand its engineering, marketing, and partnership teams, and further enhance its platform.
About Maven AGI
Maven AGI specializes in transforming enterprise customer support through its innovative AI platform. Founded in 2023, the company has developed a platform that leverages generative AI to deliver personalized user experiences. The company's technology can ingest various forms of data, both structured and unstructured, and understand user intent to provide relevant and timely responses. Maven AGI's platform is already being utilized by companies like Tripadvisor Inc. to support their customer service operations across multiple languages and regions.
Funding Details
Company: Maven AGI Inc.
Raised: $20.0M
Round: Series A
Funding Month: May 2024
Lead Investors: M13 Ventures Management LLC
Additional Investors: Lux Capital Management LLC, E14 Fund
Company Website: https://www.mavenagi.com/
Software Category: Customer Support
Source: https://siliconangle.com/2024/05/29/maven-agi-unveils-ai-platform-securing-20m-global-expansion/