Tech Company Financing Transactions
Ensemble AI Funding Round
On 9/26/2024, Ensemble AI announced $3.3 million in Seed funding from Salesforce Ventures, Amplo and M13.
Transaction Overview
Company Name
Announced On
9/26/2024
Transaction Type
Venture Equity
Amount
$3,300,000
Round
Seed
Investors
Proceeds Purpose
The funding will be used to accelerate product development, expand the team, and ramp up go-to-market efforts. As the AI landscape continues to evolve rapidly, Ensemble sees its role as providing a foundational technology that can adapt to changing needs.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
18 Bartol St
San Francisco, CA 94133
USA
San Francisco, CA 94133
USA
Phone
Undisclosed
Website
Email Address
Overview
The primary obstacle to effectively modeling complex, real world problems isn't modeling itself -- it's data. Model performance is always limited by how well your data represents what you're trying to predict. We can raise that limit using any model and in any domain using a foundational new embedding model. Instead of relying on resource intensive deep learning to compensate for sparse, limited, high dimensional datasets, we can achieve better results by learning to create richer representations of your data before modeling. In the process, we capture complex, non-linear relationships in simple, statistical terms your model can understand.
Management Team
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