Funds for Enterprise Data Analyst WisdomAI

US-based WisdomAI has raised $50 million in Series A financing, for further development of its AI Data Analyst, which helps users to deliver real-time insights from structured, semi-structured and unstructured data across the enterprise.

The round, which will also be used to scale the company's engineering team and its go-to-market operations, was led by Kleiner Perkins, with participation from new investor Nventures, the VC arm of INVIDIA, and existing investors Coatue, Latitude Capital, Madrona, GTM Capital, Menlo Ventures, and U First Capital. The year-old firm raised $23m in earlier rounds.

The firm says its software 'enables enterprises to move beyond static dashboards and reactive BI to build autonomous, conversational and proactive AI agents.' These are powered by the company's Enterprise Context Layer, which retains corporate, team and user context to deliver relevant insights in existing workflow tools such as Slack, Salesforce and email.

'We're entering a new era where every employee can reason with data through AI,' says CEO Soham Mazumdar, who co-founded WisdomAI in 2023. 'Our mission is to build the world's most trusted AI Data Analyst - one that understands business context, maintains enterprise-grade accuracy, and proactively surfaces insights that drive decisions. This round enables us to accelerate our investments in R&D and go-to-market expansion.'

Web site: www.wisdom.ai .

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