Total amount raised
$4.6 Million
Latest funding date
5/1/2021
Location
Obviously AI has successfully raised funding over four rounds, with the latest being a Seed round. The company is backed by 18 investors, including TMV and UTEC - The University of Tokyo Edge Capital Partners.
Keep reading to explore the intricacies of Obviously AI's fundraising journey and the investors backing this innovative platform.
What Is Obviously AI?
Obviously AI is a private company based in San Francisco, California, specializing in Artificial Intelligence (AI), Machine Learning, and Predictive Analytics. The company enables businesses to build custom AI and LLM models using No-Code AI and human-guided data preparation.
Founded by Nirman Dave and Tapojit Dey, Obviously AI has grown to employ between 11 and 50 people. The platform is designed to help businesses automate tasks and make data-driven decisions more efficiently.
How Much Funding Has Obviously AI Raised?
- Seed Round
- Amount Raised: USD 4,100,000
- Date: November 2023
- Lead Investors: UTEC - The University of Tokyo Edge Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's R&D and enhance its AI capabilities.
- Seed Round
- Amount Raised: USD 3,700,000
- Date: May 2021
- Lead Investors: TMV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow R&D, expand sales and marketing teams, and introduce additional algorithms.
- Pre-Seed Round
- Amount Raised: USD 800,000
- Date: March 2020
- Lead Investors: Arka Venture Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build a user base.
- Convertible Note
- Amount Raised: USD 100,000
- Date: March 2019
- Lead Investors: SkyDeck Berkeley
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and product development.
Total Amount Raised: USD 8,700,000. Current Valuation: Not publicly disclosed.
Key Investors
- UTEC - The University of Tokyo Edge Capital Partners
- Details: UTEC is a venture capital firm based in Tokyo, Japan, affiliated with the University of Tokyo. It focuses on investing in innovative startups and research-driven companies.
- Investment Focus Areas: Technology, healthcare, deep tech.
- Notable Investments: Not publicly disclosed.
- TMV
- Details: TMV is an early-stage seed fund based in New York and Chicago. The firm invests in companies that are transforming industries and creating new markets.
- Investment Focus Areas: Early-stage companies, technology, healthcare, consumer products.
- Notable Investments: Blueland, Parsley Health.
- Arka Venture Labs
- Details: Arka Venture Labs is a venture capital firm that supports early-stage startups. It focuses on companies with a strong technology foundation.
- Investment Focus Areas: Technology startups, early-stage companies.
- Notable Investments: Darwinbox, SirionLabs.
- SkyDeck Berkeley
- Details: SkyDeck Berkeley is an accelerator and venture fund based at the University of California, Berkeley. It supports startups with mentorship and funding.
- Investment Focus Areas: Technology, early-stage startups, university-affiliated ventures.
- Notable Investments: Not publicly disclosed.
- B Capital Group
- Details: B Capital Group is a global investment firm that partners with growth-stage companies. It focuses on sectors that are transforming industries.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Bird, Ninja Van.
What's Next for Obviously AI?
Obviously AI stands at the cusp of significant growth opportunities. With plans to expand their R&D and sales teams, the company aims to introduce advanced algorithms and build an integrated ecosystem to automate predictive AI capabilities. This expansion is fueled by the increasing demand for no-code AI tools, which democratize access to AI and machine learning.
Future fundraising seems promising, given the successful seed rounds and the involvement of prominent investors. These funds will likely support further development and scaling of their platform. However, challenges such as competition from other AI platforms and the need to keep up with rapid technological advancements remain.
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