Tech Company Financing Transactions

Gradient AI Funding Round

Centana Growth Partners, Forte Ventures and MassMutual Ventures invested in a $56.1 million Series C funding round for Gradient AI. The round was announced on 7/30/2024.

Transaction Overview

Company Name
Gradient AI
Announced On
7/30/2024
Transaction Type
Venture Equity
Amount
$56,100,000
Round
Series C
Investors

Centana Growth Partners (Lead Investor)

Forte Ventures

MassMutual Ventures (Eric Emmons)

Sandbox Industries (Chris Zock)

Proceeds Purpose
The company intends to use the funds for product development to continue driving innovation and efficiency in the insurance industry and to further bolster customer success and sales functions. The new capital will be used to: Invest in research and development to continue driving AI innovation in the insurance market to further extend the company's technological leadership; Improve and develop new features and functionality for the existing product suite; Launch new products to expand the range of solutions for P&C and Health insurers.

Company Information

Company Status
Private & Independent
Industry
InsureTech
Mailing Address
150 Cambridgepark Dr. 103
Cambridge, MA 02140
USA
Phone
(857) 706-1352
Website
www.gradientai.com
Email Address
[email protected]
Overview
Gradient AI was founded in order to address the need for state-of-the-art Artificial Intelligence (AI) and Machine Learning (ML) solutions designed specifically for the trillion-dollar insurance industry. AI has emerged as a disruptive force revolutionizing the way insurance professionals achieve their objectives, and Gradient is leading that charge.
Profile
Gradient AI LinkedIn Company Profile
Social Media
Gradient AI Company Twitter Account
Company News
Gradient AI News
Facebook
Gradient AI on Facebook
YouTube
Gradient AI on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Stan Smith
  Stan Smith LinkedIn Profile  Stan Smith Twitter Account  Stan Smith News  Stan Smith on Facebook
VP - Sales
Aaron Shapiro
  Aaron Shapiro LinkedIn Profile  Aaron Shapiro Twitter Account  Aaron Shapiro News  Aaron Shapiro on Facebook

 

 

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Prev: 7/30/2024: Batbox venture capital transaction
Next: 7/30/2024: DecoverAI venture capital transaction

 

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We report on all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 

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