PETE, an Orlando, Florida-based AI EdTech startup that provides AI-powered learning solutions, has secured $2 million in seed funding.
Investors
The round was led by Cofounders Capital, alongside participation from angel investors in the Orlando area.
Founded in 2015 in Cary, North Carolina, Cofounders Capital is an early-stage seed fund focused on B2B software ventures in the Southeast United States. Cofounders Capital is investing out of its third $50M fund.
PETE Use of Funds
The company plans to allocate the funds towards enhancing sales efforts, strategic marketing initiatives, and further development of its patent-pending AI technology, as the company aims to disrupt the corporate education space with its innovative learning solutions.
About PETE
Founded in June 2023 by Jacques Fu and Luis Garcia, PETE is a company that provides an AI-powered learning platform. PETE offers a suite of cost-effective and customizable solutions that enable organizations to deliver personalized workforce learning at scale. They specialize in enabling the development of AI-powered courses tailored for diverse training needs, spanning from onboarding to regulatory compliance, product knowledge, technical skills, and more. The platform offers seamless hosting and distribution of content through PETE's Learning Management System (LMS) and access to a suite of management tools to track learners' progress. Its vision is to become an indispensable part of education and training through pioneering technology that enables adaptive, engaging, and effective learning.
Funding Details
Company: PETE, Inc.
Raised: $2.0M
Round: Seed Round
Funding Month: April 2024
Lead Investors: Cofounders Capital
Additional Investors:
Company Website: https://www.pete.com/
Software Category: Educational
Source: https://www.prnewswire.com/news-releases/orlando-based-ai-edtech-startup-pete-secures-2-million-in-seed-funding--led-by-cofounders-capital--to-power-next-generation-workforce-learning-302110666.html