Reliant AI, a Montreal and Berlin-based provider of generative AI-powered data analytics software, has secured $11.3 million in seed funding.
Investors
The funding round was co-led by Tola Capital and Inovia Capital, with additional backing from angel investor Mike Volpi.
Tola Capital is a venture capital firm dedicated to transforming industries through software, data, and AI. Established in 2010, Tola Capital supports entrepreneurs with enterprise technology experience who are building disruptive, industry-changing solutions with diverse teams. The firm has successfully exited numerous startups and continues to adapt as it supports founders in the AI era.
Inovia Capital partners with founders to build impactful, enduring global companies. Leveraging an operator-led mindset, Inovia provides multi-stage support, mentorship, and access to a worldwide network. The firm manages over USD $2.2 billion and operates in Montreal, Toronto, Calgary, the Bay Area, and London.
Reliant AI Use of Funds
The company will use the funding to expand its engineering team and extend its technology footprint in Europe and North America.
About Reliant AI
Founded by Karl Moritz Hermann, Marc Bellemare, and Richard Schlegel, Reliant AI specializes in generative AI-powered data analytics software that accelerates secondary research in biopharma. The company’s flagship product, Reliant Tabular, is an advanced AI workbench designed for the biopharma industry. It assists life science analysts in efficiently handling data by automating systematic reviews, asset scans, and comprehensive analyses. Reliant AI operates offices in Berlin, Germany, and Montreal, Canada.
Funding Details
Company: Reliant AI, Inc.
Raised: $11.3M
Round: Seed Round
Funding Date: August 2024
Lead Investor: Tola Capital
Additional Investors: Inovia Capital, Mike Volpi
Company Website: https://www.reliant.ai
Software Category: AI Data Analytics
Source: https://www.reliant.ai/seed-announcement