Total amount raised
$60.3 Millions
Latest funding date
Location
Arthur has successfully raised funding through multiple rounds, with its latest being a Series B. The platform specializes in monitoring, measuring, and improving the performance of machine learning models.
Keep reading to explore the intricacies of Arthur's fundraising journey and the investors backing this innovative platform.
What Is Arthur?
Arthur, founded in 2018, is based in New York, New York. The company specializes in monitoring, measuring, and improving the performance of machine learning models.
Founded by Adam Wenchel, John Dickerson, Liz O’Sullivan, and Priscilla Alexander, Arthur partners with leading companies in financial services, insurance, and healthcare to develop enterprise-grade AI systems.
With a team of 11-50 employees, Arthur ensures that AI systems are functioning optimally and delivering the desired outcomes for their clients.
How Much Funding Has Arthur Raised?
- Seed Round
- Amount Raised: $3.3M
- Date: December 2019
- Lead Investors: Index Ventures, Work-Bench
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the Arthur platform and bring it to market.
- Series A
- Amount Raised: $15M
- Date: December 2020
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and meet increasing customer demand for AI monitoring and fairness tools.
- Series B
- Amount Raised: $42M
- Date: June 2022
- Lead Investors: Acrew Capital, Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform's capabilities and expand market reach.
Total Amount Raised: $60.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Acrew Capital
- Details: Acrew Capital is a venture capital firm that invests in early-stage technology companies. They focus on building long-term partnerships with founders.
- Investment Focus Areas: Fintech, cybersecurity, enterprise software.
- Notable Investments: Chime, Exabeam, Pie Insurance.
- Greycroft
- Details: Greycroft is a venture capital firm that invests in both early and growth-stage companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Consumer internet, enterprise software, fintech.
- Notable Investments: Venmo, The RealReal, Scopely.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that backs the most ambitious entrepreneurs. They have a strong track record in scaling high-growth technology companies.
- Investment Focus Areas: SaaS, fintech, e-commerce.
- Notable Investments: Dropbox, Slack, Robinhood.
- Work-Bench
- Details: Work-Bench is an enterprise technology venture capital firm based in New York City. They focus on early-stage investments in enterprise startups.
- Investment Focus Areas: Enterprise software, cybersecurity, data infrastructure.
- Notable Investments: Cockroach Labs, Socure, Dialpad.
- Plexo Capital
- Details: Plexo Capital is a venture capital firm that invests in venture capital funds and early-stage companies. They aim to create a diverse and inclusive ecosystem.
- Investment Focus Areas: Fintech, enterprise software, media.
- Notable Investments: AllVoices, Blavity, Carta.
What's Next for Arthur?
Arthur's future looks promising as they aim to scale operations to meet the surging demand for AI monitoring and fairness tools. With a 300% revenue growth in the last six months, the company is well-positioned to expand its customer base, including enterprise clients and AI-first companies.
Future fundraising opportunities seem likely, given the continued interest from existing and new investors. However, Arthur will need to navigate challenges such as managing the increasing complexity of AI models and ensuring high performance and transparency in AI deployments. Addressing algorithmic bias and data drift effectively will be crucial for sustained growth.
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