Tech Company Financing Transactions
Theo Ai Funding Round
Theo Ai, based in Silicon Valley, secured $2.2 million in funding from NextView Ventures, Norwest Venture Partners and Beat Ventures.
Transaction Overview
Company Name
Announced On
11/20/2024
Transaction Type
Venture Equity
Amount
$2,200,000
Round
Seed
Investors
NextView Ventures (Lead Investor)
Norwest Venture Partners (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further enhance their prediction engine, expand practice categories, and accelerate customer growth.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Silicon Valley, CA Undisclosed
USA
Silicon Valley, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Co-founders Alex Alben and Patrick Ip met at UCLA Law School, where they co-published a paper on AI and its implications for American Law and co-founded the AI Forum, a 501c3, founded to promote thoughtful discussion of legal and societal challenges by inviting experts in law and technology to share their insights. Through those initiatives, Alex and Patrick realized there was a gap in using AI and machine learning to give lawyers, clients, and arbitrators insights into the possible outcomes of their cases.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Patrick IP
Chief Executive Officer
Alex Alben
Chief Technical Officer
Tiago Luchini
VP - Product Management
Sofia Viel
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