Espresso AI, a Silicon Valley-based artificial intelligence startup, has raised over $11 million in seed funding.
Investors
The funding includes a seed round led by Daniel Gross and Nat Friedman, and a pre-seed round led by Matt Turck at FirstMark, with participation from industry leaders.
Espresso AI Use of Funds
The company will utilize the funds to accelerate product development and go-to-market efforts.
About Espresso AI
Espresso AI is an AI company that specializes in developing technology that uses advanced language models and machine learning to automatically optimize code and reduce cloud computing costs. Its initial product focuses on streamlining SQL queries for Snowflake, the popular cloud data warehousing platform. The company emerged from stealth and has attracted attention from major global food companies such as McDonald’s, USDA’s Climate Smart Commodities collaborations, and Cargill in Brazil.
Funding Details
Company: Espresso AI
Raised: $11.0M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Daniel Gross, Nat Friedman
Additional Investor: Matt Turck
Company Website: https://espresso.ai/
Software Category: Data Warehouse Optimization
Source: https://venturebeat.com/ai/espresso-ai-emerges-from-stealth-with-11m-to-tackle-the-cloud-cost-crisis/