Total amount raised
$4.6 Millions
Latest funding date
5/1/2021
Location
Obviously AI has successfully raised funding through multiple rounds, attracting a diverse group of investors. The platform specializes in enabling businesses to build custom AI models using No-Code AI and human-guided data preparation.
Keep reading to explore the intricacies of Obviously AI's fundraising journey and the investors backing this innovative platform.
What Is Obviously AI?
Obviously AI, founded on February 2, 2020, is based in San Francisco, California. The company was established by Nirman Dave and Tapojit Debnath.
Specializing in No-Code AI, Obviously AI enables businesses to build custom AI models with human-guided data preparation. Their platform offers services like model building, deployment, monitoring, and integration.
With a team of 11-50 employees, Obviously AI continues to innovate in the fields of artificial intelligence and machine learning.
How Much Funding Has Obviously AI Raised?
- Pre-Seed Round
- Amount Raised: $800K
- Date: March 2020
- Lead Investors: Arka Venture Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their No-Code AI platform and validate the market need.
- Convertible Note
- Amount Raised: $100K
- Date: March 2019
- Lead Investors: SkyDeck Berkeley
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure early-stage funding for operational costs and initial product development.
- Seed Round (May 2021)
- Amount Raised: $3.7M
- Date: May 2021
- Lead Investors: TMV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow R&D, expand sales and marketing teams, and introduce additional algorithms.
- Seed Round (Nov 2023)
- Amount Raised: $4.1M
- Date: November 2023
- Lead Investors: UTEC - The University of Tokyo Edge Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion in the AI industry.
Total Amount Raised: $8.7M. Current Valuation: Not publicly disclosed.
Key Investors
- UTEC - The University of Tokyo Edge Capital Partners
- Details: UTEC is a venture capital firm based in Tokyo, Japan, affiliated with the University of Tokyo. They focus on investing in early-stage technology startups with high growth potential.
- Investment Focus Areas: Deep tech, life sciences, AI.
- Notable Investments: Mujin, Preferred Networks, PeptiDream.
- TMV
- Details: TMV is an early-stage venture capital firm based in New York and Chicago. They invest in companies that are transforming industries and creating new markets.
- Investment Focus Areas: Health and wellness, future of work, sustainable solutions.
- Notable Investments: Parsley Health, The Wing, Teachable.
- Arka Venture Labs
- Details: Arka Venture Labs is a venture capital firm that supports early-stage startups, particularly those with a focus on technology. They provide funding and mentorship to help startups scale.
- Investment Focus Areas: SaaS, AI, enterprise tech.
- Notable Investments: Slintel, Darwinbox, SirionLabs.
- SkyDeck Berkeley
- Details: SkyDeck Berkeley is a startup accelerator and incubator program affiliated with the University of California, Berkeley. They provide funding, mentorship, and resources to early-stage startups.
- Investment Focus Areas: Technology, life sciences, consumer products.
- Notable Investments: Lime, Kiwi Campus, Xendit.
- B Capital Group
- Details: B Capital Group is a global investment firm that backs transformative technology companies. They partner with companies that have the potential to become market leaders.
- Investment Focus Areas: Fintech, healthcare, enterprise software.
- Notable Investments: Bird, Evidation Health, Ninja Van.
What's Next for Obviously AI?
Obviously AI stands at the cusp of significant growth opportunities. With plans to expand their R&D and introduce new algorithms, the company aims to enhance its predictive AI capabilities. The increasing demand for no-code AI tools presents a vast market potential, especially as businesses seek to automate data science tasks and make AI accessible to non-technical users.
Future fundraising seems likely, given the successful seed rounds and the company's ambitious expansion plans. As they scale, Obviously AI may attract interest from larger tech firms looking to integrate no-code AI solutions. However, challenges such as competition from other platforms and maintaining technology reliability will need to be navigated carefully.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Obviously AI and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
