Tech Company Financing Transactions
Groundlight Funding Round
Groundlight secured $10 million in funding from Madrona Venture Group, Ascend and Essence Ventures.
Transaction Overview
Company Name
Announced On
4/19/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Undisclosed, Undisclosed
USA
Undisclosed, Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
The Groundlight API automatically leverages our ensembles of industry-leading models from your first query. Our escalation technology handles the "edge cases", and your custom-tuned model performance gets better with every query. Groundlight's assisted escalation technology routes low-confidence results to increasingly complex ML systems and human specialists in real-time. Those answers are trained back into the model in milliseconds, constantly absorbing new information to answer future queries more efficiently.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Leo Dirac
Founder
Avi Geiger
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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