Virtualitics, a Pasadena, CA-based artificial intelligence and data exploration company, secured $37 million in Series C financing, bringing its total raised to $67 million to date.
The round was led by Smith Point Capital, LLC, with noteworthy participation from Citi and advisory clients of The Hillman Company, alongside other investors.
With this funding round, Virtualitics will continue to invest in growth and innovation to drive even greater expansion.
Virtualitics is revolutionizing and shaping the artificial intelligence and data exploration industry with its groundbreaking technology, Intelligent Exploration. Virtualitics' sophisticated AI-powered analytical capabilities empower data scientists and business users to make informed strategic decisions at an accelerated pace.
The Intelligent Exploration platform's advanced AI technology allows users to make queries in natural language, explore extremely complex datasets, uncover critical insights, and generate multi-dimensional network graph visualizations.
“We knew we wanted a strategic relationship with our lead investor, not merely capital,” said Michael Amori, CEO and co-founder of Virtualitics. “Smith Point’s operational expertise in enterprise software has been – and will continue to be – invaluable as we accelerate growth and innovation. This additional funding and strategic guidance will enable Virtualitics to realize our vision to empower organizations to solve complex, mission-critical problems with artificial intelligence, data exploration and prescriptive business workflows.”
Company: Virtualitics, Inc.
Raised: $37.0M
Round: Series C
Funding Month: August 2023
Lead Investors: Smith Point Capital, LLC
Additional Investors: Citi and advisory clients of The Hillman Company
Company Website: https://virtualitics.com/
Software Category: AI-driven Data Exploration
About the Company: Founded by Michael Amori and Dr. Ciro Donalek, Virtualitics is an analytics company delivering out-of-the-box artificial intelligence capabilities that make advanced analytics possible for more people and organizations. The Virtualitics AI Platform automatically discovers hidden patterns in complex, multi-dimensional data, delivering rich 3D visuals and immersive experiences that guide more informed decisions. Virtualitics helps public and private sector organizations gain real value from all of their data, accelerating their AI initiatives. The company's patented technology is based on more than 10 years of research at the California Institute of Technology.
Source: https://blog.virtualitics.com/37-million-series-c-funding-round