SOTAI, a Los Angeles, CA-based company with a vision to make artificial intelligence transparent and accessible to all, closed a $2 million seed funding.
SaaS Investors
The round was led by Four Rivers.
Four Rivers is a technology-focused global venture capital firm with multiple fund categories under management. Based in San Francisco, California, the firm seeks to invest in software and information technology companies.
SOTAI Use of Funds
The company plans to use the funds to hire skilled individuals and establish valuable partnerships with design firms to advance SOTAI's mission.
About SOTAI
Founded by William Bakst and Linus Meyer-Teruel, SOTAI is building a fully hosted platform for configuring, optimizing, and analyzing calibrated models. Its mission is to address a pressing issue in the field of artificial intelligence and machine learning: the lack of transparency and control, which often hinders effective communication and trust-building with non-technical stakeholders. SOTAI's innovative solution is designed to streamline the modeling process, resulting in models that are easy to train, constrain, and comprehend. The company also offers a complementary analysis and collaboration toolkit, making it effortless to share results and secure buy-in from stakeholders.
Funding Details
Company: SOTAI Labs Inc.
Raised: $2.0M
Round: Seed Round
Funding Month: October 2023
Lead Investors: Four Rivers
Additional Investors:
Company Website: https://www.sotai.ai/
Software Category: Inter Machine Learning Software
Source: https://www.accesswire.com/791515/sotai-secures-2-million-in-seed-funding-to-revolutionize-transparent-and-accessible-artificial-intelligence