Tech Company Financing Transactions
Essential AI Funding Round
On 12/12/2023, Essential AI secured $56.5 million in Series A funding from March Capital Partners, AMD and Franklin Templeton.
Transaction Overview
Company Name
Announced On
12/12/2023
Transaction Type
Venture Equity
Amount
$56,500,000
Round
Series A
Investors
Proceeds Purpose
The duo now plans to use their expertise to launch AI products that will "deepen the partnership between humans and computers," unlocking collaborative capabilities that far exceed what humans could achieve alone.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
611 Mission Street 6th Floor
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Undisclosed
Website
Email Address
Overview
Developer of language model-based software designed for enterprises. The company's software leverages technology to make useful essential machine learning and artificial intelligence models for everyday use available in multiple languages, enabling businesses to make their work easier and more convenient.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ashish Vaswani
Co-Founder
Niki Parmar
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