Beehive AI, a San Mateo, CA-based specialized AI platform for analyzing unstructured customer data, recently emerged from stealth and announced an oversubscribed $5.1 million seed round to support rapid growth.
The round was led by Valley Capital Partners, with participation from prominent later-stage strategic partners representing some of the largest brands and firms utilizing Beehive AI's platform.
The company has been in stealth development since 2016, training its AI models on proprietary unstructured data provided by major enterprise firms worldwide. With this data, Beehive AI has developed a platform that allows enterprises to analyze, segment, and take action on insights unlocked by their unstructured data.
Beehive AI's platform allows customers to upload their existing data collected from various platforms like Qualtrics, Medallia, and Survey Monkey, or create AI-designed questionnaires specifically crafted to elicit rich and nuanced feedback from customers.
"Recently, large language models like GPT-4 have made tremendous progress. Beehive AI takes this progress to the next level by tuning generalized AI to specialized domain models trained for unique sets of data and outcomes," said Shai Deljo, CEO of Beehive AI. "The quality and specificity of these custom models are unparalleled, allowing enterprises to extract rich, relevant insights from even the most complex unstructured data."
As part of the investment, Mitchell Kokko, General Partner at Valley Capital Partners, has joined Beehive AI's Board of Directors.
Company: Beehive AI, Inc.
Round: Seed Round
Funding Month: June 2023
Lead Investors: Valley Capital Partners
Company Website: https://www.beehive.ai/
Software Category: Qualitative Intelligence (QI) Platform
About the Company: Founded in 2016, Beehive AI is an end-to-end, customizable enterprise AI platform for consumer research of unprecedented accuracy, relevance, and scale. By analyzing unstructured, open-ended data, combined with quantitative data, Beehive AI helps major global enterprises extract new insights that can help them better understand and serve their customers. Beehive AI's platform seamlessly operates across languages, countries, and cultures. The company has trained over 10,000 specialized AI models in more than 30 languages and processed data from over 20 countries.