Evolv AI Raises $13.3 Million in Funding

by Kay Aloha Villamor in November 10th, 2023

Evolv AI, a San Francisco, California-based maker of an intelligent digital experience optimization and personalization platform, raised $13.3 million in funding, bringing its total funding to date to $23.3 million.

SaaS Investors       

The round was led by Horizons Ventures, with participation from NJF Capital, Engage VC, Major Group Asia, and other investors.

Founded in 2002, Horizons Ventures is a venture capital firm based in Hong Kong, Hong Kong. The firm seeks to make seed, early-stage, and late-stage investments in companies operating in startups from the artificial intelligence and machine learning, fintech, healthcare technology, and SaaS sectors.

With this funding round, Kerry Liu from Horizons Ventures will join Evolv AI's board of directors. Additionally, Kathryn Murphy, SVP of Product and Design at Twilio, has joined the company as an advisor.

Evolv AI Use of Funds

The company intends to use the funds to grow its go-to-market capabilities, reach more customers, and accelerate the development of its AI platform.

About Evolve AI

Evolv AI is a developer of AI-driven optimization and personalization platform designed to serve better experiences that connect with visitors and customers. Evolv AI focuses on providing organizations with intelligent experiences that enable continuous learning from every user session to enhance conversions. The company uses AI-driven experimentation and personalization to research and automate the ability for its clients to optimize their customer experiences in real time across all touchpoints on any digital channel. Its proprietary machine learning engine, combined with client visitor data, enables the delivery of digital growth goals at high velocity for a range of companies, including AS Watson, Curiosity Stream, DIRECTV, and Verizon.

Funding Details

Company: Evolv Technology Solutions Inc. 

Raised: $13.3M

Round: Unknown

Funding Month: November 2023

Lead Investors: Horizons Ventures 

Additional Investors: NJF Capital, Engage VC, Major Group Asia

Company Website: https://evolv.ai/

Software Category: AI-driven Optimization and Personalization Platform

Source: https://www.finsmes.com/2023/11/evolv-ai-raises-13-3m-in-funding.html

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