Tech Company Financing Transactions
Advex AI Funding Round
Advex AI, based in Pleasanton, secured $3.5 million in investment from Construct Capital, Emerson Collective and private investors.
Transaction Overview
Company Name
Announced On
11/4/2024
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Seed
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
3049 Badger Drive
Pleasanton, CA 94566
USA
Pleasanton, CA 94566
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Advex AI's mission is to improve industrial efficiency 1000x. We're developing Vision AI that can support the ever-changing and use-case dependent nature of the real world. The world of industrial automation is used to under-performing vision systems limited to very simple use cases due to the data-hungry nature of AI. We're using Generative AI to solve the data problem and bring Vision Automation to every factory in the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Pedro Pachuca
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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