Tech Company Financing Transactions
Materia Funding Round
Spark Capital, Allen Institute for AI and Exponent Founders Capital participated in a $6.3 million funding round for Materia. The round was announced on 6/20/2024.
Transaction Overview
Company Name
Announced On
6/20/2024
Transaction Type
Venture Equity
Amount
$6,300,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
649 Grand Street 2
Brooklyn, NY 11211
USA
Brooklyn, NY 11211
USA
Phone
Website
Email Address
Overview
Materia emerged from the collaborative vision of Kevin Merlini (CEO) and Lucas Adams (CTO), whose paths first crossed at Facebook. Fostered within the innovative ecosystem of the Allen Institute for AI in the fall of 2022, Materia was born. Our mission is to improve the lives of public accounting professionals by augmenting & automating time consuming work.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin Merlini
Chief Technical Officer
Lucas Adams
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