Tech Company Financing Transactions
Algebrik AI Funding Round
Private investors invested in a $4 million Series A funding round for Algebrik AI. The financing round was announced on 11/4/2024.
Transaction Overview
Company Name
Announced On
11/4/2024
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of its software and advance its solutions and to consolidate its role in a market projected to reach $12.2 Billion by 2032, growing at 10.2% CAGR.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
300 E 59th St. 2801
New York, NY 10022
USA
New York, NY 10022
USA
Phone
Website
Email Address
Overview
Algebrik AI is the world's first cloud-native and AI-powered digital-era Loan Origination System (LOS). In an industry that hasn't seen significant innovation in over 25 years, Algebrik AI empowers lenders to engage next-gen borrowers and stay competitive in today's digital era by transforming loan originations end to end. We do all the heavy lifting so you can focus on growing your business and margins.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Pankaj Jain
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Where The Data Comes From
We do our best to record funding rounds that are announced publicly. VC investment data records reported here come from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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