TurbineOne, a San Francisco, CA-based frontline perception company that delivers national security solutions, closed $15 million in Series A funding.
Investors
The round was led by Bessemer Venture Partners, with participation from previous investors The General Partnership and XYZ Ventures. Pallas Ventures, a national security-focused investment firm, also joined this round.
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer, and healthcare spaces, they support founders and CEOs from their early days through every stage of growth. The firm has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore.
TurbineOne Use of Funds
The company will use the funds to accelerate its rapidly growing business in the national security market.
About TurbineOne
Founded in 2022, TurbineOne is a frontline perception company that delivers national security and intelligence solutions through its no-code, no-cloud software platform. The company offers software solutions that refine raw data for military applications, featuring machine learning retraining at the edge and a no-code, no-cloud toolkit designed for the Department of Defense. TurbineOne designs its software to seamlessly work with a wide range of other systems, such as those from large defense contractors and ML-focused developers. TurbineOne is deployed globally with every military branch and U.S. Special Operations.
Funding Details
Company: TurbineOne, Inc.
Raised: $15.0M
Round: Series A
Funding Month: March 2024
Lead Investors: Bessemer Venture Partners
Additional Investors: The General Partnership, XYZ Ventures, Pallas Ventures
Company Website: https://www.turbineone.com/
Software Category: Government Machine Learning Solutions
Source: https://www.businesswire.com/news/home/20240327066760/en/