DeLorean Artificial Intelligence, a Palm Beach, Florida-based startup, raised $7.55 million in Series A funding, bringing its total funding to around $11 million.
SaaS Investors
The round was led by Sopris Venture Capital, with participation from Pinta Capital Partners and James Chow, a former executive at Oak Street Health.
Founded in 2002, Sopris Venture Capital is a multi-strategy investment firm focused on early-stage healthcare, SaaS, and tech-enabled businesses. The firm has offices in Aspen, Dallas, Denver, and Miami.
DeLorean AI Use of Funds
The funding will primarily be used to expand DeLorean AI's team by approximately 50% within the next two months, covering roles in sales, marketing, and data science. The company aims to continue its mission of improving healthcare outcomes and efficiency through AI.
About DeLorean Artificial Intelligence
Artificial Intelligence builds sentient and semi-sentient systems of intelligence to address business and economic challenges for large Fortune 500 companies. DeLorean AI currently offers services in the Financial, Fintech, M&A, CPG, Life Sciences, Healthcare, and Entertainment industries. The company's flagship product is its Medical AI system, which provides healthcare providers and insurance companies with real-time insights into patients' health.
DeLorean AI is also working on AI-powered sales solutions, including ticket analysis prediction and customer relations management (CRM) tools. Its CRM platform can predict the winnability of a deal and the financial impacts on revenue generation and cost, leading to a 15% increase in sales according to DeLorean.
Funding Details
Company: DeLorean Artificial Intelligence, Inc.
Raised: $7.55M
Round: Series A
Funding Month: September 2023
Lead Investors: Sopris Venture Capital
Additional Investors: Pinta Capital Partners and James Chow
Company Website: https://deloreanai.com/
Software Category: Medical AI and Sales AI
Source: https://refreshmiami.com/delorean-raises-7-55m-to-enable-enterprise-companies-to-unlock-ai-innovation/