Funds and Relocation for Modelling and BI Firm CModel

In the US, data modelling and business intelligence specialist CModel Data Inc. has received an undisclosed investment from the Alabama Futures Fund, and accordingly will relocate its head office from San Francisco to Birmingham, Alabama.

The firm's cloud-based software platform CORA uses AI to apply native, curated best practice data from industry experts, along with client-generated data, to business strategy simulations. Users interact with CORA through a typed prompt interface, and the platform then asks a series of questions drilling down from generalized, high-level questions with multiple-choice answers to more granular inquiries. CORA will then run simulations based on the answers provided to illustrate what business conditions need to be met to achieve the desired outcomes.

CModel Chief Exec (Ms) Teasha Cable comments: 'Relocating our company to Alabama marks the beginning of an exciting new chapter. With our recent investment from AFF and the support of Redhawk Advisory as a trusted partner, we are poised to unlock unprecedented growth and innovation. Birmingham's vibrant startup environment and Alabama's strategic location are the perfect ingredients for our company's success. We look forward to creating a brighter future, both for our business and the local community'.

Redhawk Advisory serves as AFF's investment manager, and its Partner Matt Hottle says CModel 'will truly move the needle for its customers'. He explains: 'Augmented Intelligence platforms like CORA are, usually, financially unattainable for mid-market businesses. Combining the latest AI and machine learning technology with modeling simulations that will help businesses make better decisions, faster, is a game-changer'.

The company is online at www.cmodel.io .

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