Tech Company Financing Transactions
Verax AI Funding Round
TQ Ventures, Cardumen Capital and Concept Ventures invested in a $7.6 million Seed funding round for Verax AI. The round was announced on 10/30/2024.
Transaction Overview
Company Name
Announced On
10/30/2024
Transaction Type
Venture Equity
Amount
$7,600,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its go-to-market processes and increase awareness.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
13355 Noel Road 1100
Dallas, TX 75240
USA
Dallas, TX 75240
USA
Phone
Undisclosed
Website
Email Address
Overview
We set out to build a technology and Control Center to give organizations full control and visibility over their LLMs, remove barriers to AI adoption, and make verified, responsible, and ethical AI the universal standard. We believe that generative AI holds immense potential for companies, but that -- until now -- this potential has been hindered by a lack of clarity regarding LLM pitfalls.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Leo Feinberg
Chief Technical Officer
Oren Gev
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