Upword Raises $3 Million in Pre-Seed Round

by Kay Aloha Villamor in June 26th, 2024

Upword, a Santa Monica, CA-based provider of knowledge management solutions, raised $3 million in a pre-seed funding round.  

The company has also announced the launch of its AI-powered research companion tool. This tool leverages Generative AI to transform research by using user-provided data. 

Investors 

The investors in the round includes Telefonica (Wayra X), Go Ahead Ventures, and Goodwater Capital. 

Upword Use of Funds 

The company will use the funding to support product development and expansion into additional markets. 

About Upword 

Upword provides AI-powered research and knowledge management solutions that enhance productivity and efficiency while maintaining traditional research methods. Leveraging state-of-the-art Generative AI, Upword offers tailored and context-specific support to help organize knowledge more efficiently. The company is headquartered in Israel and California. 

Funding Details                                               

Company: Upword Ltd.  

Raised: $3.0M               

Round: Pre-Seed Round   

Funding Month: June 2024                                                            

Investors: Telefonica, Go Ahead Ventures, Goodwater Capital  

Company Website: https://www.upword.ai/  

Software Category: Research and Knowledge Management   

Source: https://www.prnewswire.com/news-releases/upword-rolls-out-ai-research-companion-completes-3-million-pre-seed-funding-round-302181508.html

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