Total amount raised
$10.5 Millions
Latest funding date
06/01/2023
Location
Seek AI has successfully raised funding through multiple rounds, with notable investors such as Tristan Handy and Battery Ventures backing the company. The platform leverages generative AI to help both non-technical and technical users manage and analyze data efficiently.
Keep reading to explore the intricacies of Seek AI's fundraising journey and the investors supporting this innovative platform.
What Is Seek AI?
Seek AI, founded in September 2021, is based in New York, New York. The company specializes in generative AI for data, providing tools to automate data workflows and enable efficient interaction with data for both technical and non-technical users.
Founded by Sarah Nagy, Seek AI offers a platform that allows business users to query data sets using natural language, reducing the need for data science teams to handle ad-hoc analysis requests. The platform integrates with popular database vendors and collaboration tools.
With a team of 11-50 employees, Seek AI is committed to enterprise-grade security and provides solutions for various industries, including CPG, finance, healthcare, retail, and Shopify.
How Much Funding Has Seek AI Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 11, 2023
- Lead Investors: Conviction Partners, Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and support Seek AI's mission of making data accessible via a natural language interface.
- Seed Round
- Amount Raised: $7.5M
- Date: January 11, 2023
- Lead Investors: Conviction Partners, Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand the platform's reach to more businesses.
- Venture Round
- Amount Raised: $3M
- Date: June 2, 2023
- Lead Investors: Tristan Handy, Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their AI automation platform and scale operations.
Total Amount Raised: $10.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They invest in companies at all stages of growth.
- Investment Focus Areas: Technology, innovation, growth-stage companies
- Notable Investments: Nutanix, Coupa Software, Glassdoor
- Conviction Partners
- Details: Conviction Partners is a venture capital firm that invests in early-stage technology companies. They co-led the funding round for Seek AI.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Various early-stage tech startups
- Bob Muglia
- Details: Bob Muglia is the former CEO of Snowflake and a notable figure in the tech industry. He participated in the funding round for Seek AI.
- Investment Focus Areas: Technology, data analytics
- Notable Investments: Snowflake
- Tristan Handy
- Details: Tristan Handy is the founder of dbt Labs, a company specializing in data transformation. He is a prominent figure in the data analytics community.
- Investment Focus Areas: Data analytics, technology
- Notable Investments: Fishtown Analytics
- Mustafa Suleyman
- Details: Mustafa Suleyman is the co-founder of DeepMind, an AI research lab acquired by Google. He is a significant investor in AI and technology.
- Investment Focus Areas: Artificial Intelligence, technology
- Notable Investments: DeepMind
What's Next for Seek AI?
Seek AI stands at the cusp of significant opportunities, driven by its innovative generative AI platform. The company is poised to automate critical data processes and workflows, providing a natural language interface that simplifies data access for business users. With more than a dozen pilot projects spanning tech, fintech, and consumer brands, the potential market size is vast, ranging from startups to Fortune 100 companies.
Future fundraising opportunities appear promising as Seek AI continues to scale its operations and enhance its platform. The successful pre-seed and seed funding rounds, led by prominent investors, indicate strong investor confidence and the likelihood of subsequent funding rounds to support further growth and development.
However, challenges lie ahead. The company must ensure its technology adapts effectively to diverse customer environments and maintain the balance between automation and human oversight. Additionally, competition in the generative AI space is fierce, requiring Seek AI to continuously innovate and improve its offerings to stay ahead.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Seek AI and gather other critical business insights. Sign up for free and start leveraging these powerful tools today.
