Myriad AI, a San Francisco, CA-based company that offers an AI-powered platform designed to streamline compliance processes, has secured $2 million in pre-seed funding.
Investors
The round was led by Nation 1, with participation from BD Partners, Plug and Play Tech Center, and Preston-Werner VC.
Nation 1 is a Prague-based venture capital firm focused on investing in seed-stage startups that operate in Czechia. Now, the fund has rebranded as N1, bringing in new partners, and raising capital for a second fund, aiming to make its first investment next year.
About Myriad AI
Founded by Jan Špidlen, Myriad AI develops artificial intelligence to automate regulatory compliance for enterprises. Their platform provides insights to speed up decisions and improve business outcomes. The company’s mission is to empower enterprises to achieve seamless compliance management through advanced AI solutions with a fraction of the resources typically required. Myriad has established a sales and marketing center in the U.S. while maintaining its technological base in Prague.
Funding Details
Company: Myriad Technology Inc.
Raised: $2.0M
Round: Pre-Seed Round
Funding Month: July 2024
Lead Investors: Nation 1
Additional Investors: BD Partners, Plug and Play Tech Center, Preston-Werner VC
Company website: https://www.myriad.company/
Software Category: Compliance Management
Source: https://ain.capital/2024/07/30/czech-founded-startup-myriad-ai-secures-2m-pre-seed-funding-round/