Aerial, a Seattle, WA-based AI-empowered technology platform for structuring business data, raised $2 million in pre-seed funding.
Investors
The round was led by Fuse, with participation from Pack Ventures. Previous investors, including Madrona Venture Group’s Pioneer Fund, also contributed to the round.
Fuse is a venture capital firm focusing on early-stage software companies. The firm primarily invests in Seattle-based seed and Series A companies in the SaaS sector.
Aerial Use of Funds
The company plans to utilize the funding to accelerate the development and implementation of its artificial intelligence solutions. Moreover, the funds will fuel team expansion and infrastructure growth to meet rising demand and foster innovation in data management solutions.
About Aerial
Founded by Doug Logan and Michael Li, Aerial provides an AI-powered record management system that collects, organizes, and cross-references core contracts, documents, and corporate records. The company leverages advanced machine learning algorithms, natural language processing, and deep learning techniques to automatically extract valuable insights from unstructured data. Specifically structured to identify red flags in real-time, Aerial’s platform was created by corporate counsel to help companies effortlessly manage their corporate information and scale fast.
Funding Details
Company: Aerial, Inc.
Raised: $2.0M
Round: Pre-Seed Round
Funding Month: May 2024
Lead Investors: Fuse
Additional Investors: Pack Ventures, Madrona Venture Group’s Pioneer Fund
Company Website: https://aerialops.io/
Software Category: Document Management
Source: https://world.einnews.com/pr_news/711188395/