Funds for Data Integrator and Trainer Ikigai Labs

In San Francisco Ikigai Labs, which taps generative AI to help clients make business use of their tabular data, has announced a $25m investment for use in expanding its operations and business reach.

The company combines time series forecasting; reinforcement learning system 'expert-in-the-loop' (EiTL); and a no-code AI platform built on three proprietary 'foundation blocks' - aiMatch, for data reconciliation, aiCast, for prediction and aiPlan, for scenario planning and optimization. It also trains students from around the world in its specialist areas via the Ikigai Academy.

The new capital comes from Premji Invest, with participation from Foundation Capital and e& capital. Premji Managing Partner Sandesh Patnam comments: 'Ikigai's founding team possesses a depth of industry and go-to-market expertise that can push the AI frontier to the center of business operations and decisions. Their innovation with large graphical models will be embraced by all enterprises that look to apply generative AI to drive meaningful business insights. Premji Invest is focused on investing in innovative companies with exceptional growth potential and creating enduring value. In Ikigai, we see a company that brings all of this to bear while creating an N of 1, category-defining company'.

Web site: www.ikigailabs.io .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.