AI Squared Secures $13.8 Million to Bridge the Gap Between AI and Business Applications
AI Squared, a company empowering organizations to harness the power of AI, today announced a successful $13.8 million Series A funding round.
Ansa Capital led the investment, with participation from existing investors NEA and Ridgeline. This latest round brings AI Squared’s total funding to $20 million since its founding in 2019.
Unlocking the Potential of AI Investments
Despite significant investments in AI, many businesses struggle to translate models into actionable insights. AI Squared tackles this challenge head-on by streamlining the integration of AI into existing workflows. Their platform acts as a bridge, allowing data science teams to seamlessly connect AI models and data sources directly to business applications, regardless of the specific software used.
“Far too many companies aren’t getting enough ROI from AI,” said Benjamin Harvey, Ph.D., founder and CEO of AI Squared. “Our tools directly address this challenge, making it easier for businesses to deploy and leverage the power of AI within their teams.”
Industry Expertise Meets Cutting-Edge Technology
The AI Squared team boasts a deep understanding of the data science landscape. Led by Benjamin Harvey, Ph.D., who brings over a decade of experience working in the National Security Agency and Databricks’ data science team, AI Squared tackles a critical hurdle for businesses – implementation.
Impressive Results and Strategic Growth
AI Squared estimates their platform reduces the time to integrate data and AI into workflows from months to minutes and significantly lowers implementation costs. This translates to a substantial return on investment for businesses.
The company’s impressive results have attracted prominent figures to their board of directors. Allan Jean-Baptiste, co-founder and General Partner at Ansa Capital, emphasizes the vast potential of AI Squared’s solution: “With new AI models emerging constantly, organizations risk falling behind. AI Squared tackles this by simplifying integration and accelerating the time to value for AI investments.”
Looking Forward: Democratizing AI
Beyond its technological advancements, AI Squared is committed to fostering inclusivity in the AI space. As one of the few Black-founded AI companies, they actively support underrepresented communities through initiatives like the AI Squared Innovation Lab, which provides resources for students interested in programming and technology.
With this new funding and a commitment to accessibility, AI Squared is poised to revolutionize AI adoption and empower businesses to unlock the true transformative power of artificial intelligence.
by Tony O. Lawson
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