Diveplane, a Raleigh, North Carolina-based company keeping humanity in artificial intelligence (AI), announced that it raised $25 million in Series A funding.
The round was led by Shield Capital, with participation from Calibrate Ventures, L3Harris Technologies, and Sigma Defense.
The funds provide Diveplane with the opportunity to invest further in its award-winning AI solutions while facilitating targeted growth to meet increased market demand.
As part of the agreement, Philip Bilden, managing partner of Shield Capital, will join the Diveplane board of directors.
“We founded Diveplane with the mission of putting humanity back into AI, and we’re succeeding,” said Mike Capps, co-founder, and CEO of Diveplane. “We’re building trusted partnerships, with a product set that provides a holistic capability for fair and transparent decision making and data privacy. This support adds rocket fuel to our business, so we can build on our successful approach to helping companies innovate with our Reactor platform. ”-Mike Capps, co-founder and CEO of Diveplane, said.
Company: Diveplane Corporation
Round: Series A
Funding Month: September 2022
Lead Investors: Shield Capital
Additional Investors: Calibrate Ventures, L3Harris Technologies, and Sigma Defense
Company Website: https://diveplane.com/
Software Category: AI-Powered Business Solutions
About the Company: Founded in 2018 by Dr. Michael Capps and Dr. Chris Hazard, Diveplane ® offers AI-powered business solutions across multiple industries. Diveplane helps businesses and government organizations better understand and leverage the power of their data through AI tools that are trainable, interpretable, and auditable. The company’s solutions are designed around the principles of predicting, explaining, and showing, creating user confidence that operational decisions are built on a foundation of fairness and transparency. Diveplane is headquartered in Raleigh, North Carolina.