Knexus, an Oxon Hill, Maryland-based company that provides AI solutions, has closed a growth equity funding round.
Investors
The round was led by Scare the Bear Capital, a private investment firm focused on small to mid-tier businesses. Scare the Bear provides capital combined with targeted advisory support, partnering with small businesses to help them demonstrate the strength and maturity of mid to large-sized companies.
Knexus Use of Funds
The new funding will help Knexus meet the rising demand for AI in the government sector.
About Knexus
Knexus specializes in AI solutions, with a focus on delivering AI-driven innovations to government entities and organizations. For nearly two decades, Knexus has partnered with numerous agencies across the U.S. government. As a Google Cloud partner, Knexus leverages Google Cloud’s AI products, such as the Vertex AI platform and Gemini models, to deliver AI solutions for the public sector.
Funding Details
Company: Knexus Research LLC
Raised: Undisclosed
Round: Growth Equity
Funding Date: November 2024
Investor: Scare the Bear Capital
Company Website: https://knexus.ai/
Software Category: AI Solutions
Source: https://www.prnewswire.com/news-releases/knexus-closes-growth-equity-funding-round-with-scare-the-bear-capital-302298132.html