Total amount raised
$9.5 Millions
Latest funding date
November, 2022
Location
Dashworks has successfully raised funds through a Pre-Seed round, attracting notable investors such as Point72 Ventures and Josh Reeves. The platform offers an AI assistant designed to streamline workplace queries by searching through a team's collective knowledge and applications.
Keep reading to explore the intricacies of Dashworks' fundraising journey and the investors backing this innovative platform.
What Is Dashworks?
Dashworks, founded in 2020 by Prasad Kawthekar and Pratyaksh Sharma, is based in San Francisco, California. The company specializes in providing an AI assistant that helps employees find information quickly and efficiently by consolidating documents, messages, and other knowledge scattered across various apps and people.
With a team of 11-50 employees, Dashworks aims to increase workplace productivity by integrating multiple company apps and creating a unified knowledge base. The platform is designed to be secure and compliant with major data protection regulations.
Accessible through Slack, the web, or a browser extension, Dashworks offers a transparent and flexible pricing model, making it easy for companies to set up and start using the tool quickly.
How Much Funding Has Dashworks Raised?
- Pre-Seed Round
- Amount Raised: $500K
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI assistant and establish initial operations.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the AI assistant and expand the team.
- Seed Round
- Amount Raised: $4M
- Date: January 2022
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and increase market reach.
- Seed Round
- Amount Raised: $5M
- Date: July 2023
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Dashworks' footprint and enhance the capabilities of its AI assistant.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and scaling efforts.
Dashworks has raised a total of $9.5M in funding. The current valuation is not publicly disclosed.
Key Investors
- Point72 Ventures
- Details: Point72 Ventures is the venture capital arm of Point72 Asset Management, a global asset management firm led by Steven A. Cohen. The firm focuses on early-stage investments in fintech, enterprise, and artificial intelligence companies.
- Investment Focus Areas: Fintech, Enterprise Technology, Artificial Intelligence
- Notable Investments: TrueAccord, Extend, Hyperscience
- South Park Commons
- Details: South Park Commons is a community-driven venture capital firm that supports early-stage startups. It was founded by Ruchi Sanghvi, the first female engineer at Facebook, and aims to create a collaborative environment for entrepreneurs and technologists.
- Investment Focus Areas: Early-stage Startups, Technology, Community-driven Ventures
- Notable Investments: Linear, Vanta, Anyscale
- Joshua Reeves
- Details: Joshua Reeves is an angel investor and entrepreneur, known for co-founding Gusto, a company that provides cloud-based payroll, benefits, and human resource management software for businesses.
- Investment Focus Areas: Fintech, HR Tech, SaaS
- Notable Investments: Gusto, Notion, Superhuman
What's Next for Dashworks?
Dashworks stands at the cusp of significant growth opportunities, driven by the increasing demand for AI-driven internal knowledge management solutions. With enterprises seeking to streamline their data ecosystems, Dashworks' AI assistant is well-positioned to capture a substantial market share. The company plans to enhance its platform with deeper integrations and improved AI capabilities, catering to both startups and large enterprises.
Future fundraising appears promising as the company continues to expand its user base and product offerings. However, challenges such as competition from established players and ensuring data security will need to be navigated carefully. As Dashworks scales, maintaining the accuracy and relevance of its AI solutions will be crucial for sustained success.
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