Orq.ai, an Amsterdam, Netherlands-based all-in-one generative AI platform for enterprises, secured an additional €1.5 million in an extension round following its oversubscribed pre-seed funding of €800k in September 2023.
SaaS Investors
The round was led by XO Ventures and xdeck ventures, with existing investors Curiosity VC and Spacetime also participating.
XO Ventures is a venture capital investment firm based in Amsterdam, Netherlands. The firm prefers to invest in companies operating in the health and technology sectors.
xdeck Ventures is an early-stage venture capital investor focusing on tech companies with superior solutions in process automation, applied big data / AI, and sustainability tech. xdeck ventures invest in inspiring teams with deep domain expertise and a distinctive understanding of the problem they are trying to solve.
Orq.ai Use of Funds
The company will use the funding to expand the product and go-to-market teams for the European market, initially focusing on Germany and the Benelux countries.
About Orq.ai
Founded in 2022 by Sohrab Hosseini and Anthony Diaz, Orq.ai provides an all-in-one Generative AI platform for enterprises to integrate with various Large Language Models (LLMs) and enable close collaboration across the organization. The platform centralizes prompt management, streamlines experimentation, collects feedback, and provides real-time insights into performance and costs. Orq.ai's new products, Experiment and Optimize, complement its existing Run solution, empowering organizations to seamlessly integrate generative AI.
Funding Details
Company: Orq.ai
Raised: €1.5M
Round: Pre-Seed Round
Funding Month: March 2024
Lead Investors: XO Ventures and xdeck ventures
Additional Investors: Curiosity VC and Spacetime
Company Website: https://orq.ai/
Software Category: Generative AI Collaboration Platform
Source: https://www.eu-startups.com/2024/03/amsterdam-based-orq-ai-adds-e1-5-million-pre-seed-to-demystify-generative-ai-for-enterprises/