Martini.ai, a Santa Clara, CA-based revolutionizing the corporate credit market for private companies through the power of AI, announced that it raised $6 million in seed funding to reimagine how $10 trillion in corporate credit is evaluated and monitored.
The round was led by Neotribe, with participation from Rocketship.vc. Martini.ai will use the funding to support the commercial launch and continued development of the company’s breakthrough NeuRatings solution credit rating system for private companies.
Martini.ai NeuRatings platform delivers significant improvements for corporate lenders to credit risk monitoring, providing real-time credit scores and spreads on over 700,000 private companies.
NeuRatings leverages AI to combine a knowledge graph with real-time monitoring of equity and credit markets to quickly propagate the impact of changes on credit risk. It utilizes Generative AI by way of Large Language Models (LLMs) to generate real-time risk reports from information in corporate bond and loan trading data, news, supply chain and corporate relationships, equity market data, traffic, and ownership that may have been previously overlooked.
“Corporate risk has fundamentally changed since March 2020 as there are more shocks hitting interconnected ecosystems that have made companies a lot more vulnerable,” said Rajiv Bhat, co-founder, and CEO, of Martini.ai. “At the same time, the amount of available data coupled with breakthrough AI technologies have given us a much better way to determine corporate risk in real-time. We're thrilled that Neotribe and Rocketship.vc has invested in Martini.ai and shown confidence in us. With the launch of NeuRatings, we aim to assist lenders in efficiently managing their credit portfolios while also supporting businesses in a rapidly evolving market.”
Company: martini.ai Corp.
Round: Seed Round
Funding Month: April 2023
Lead Investors: Neotribe
Additional Investors: Rocketship.vc
Company Website: https://www.martini.ai/
Software Category: Corporate Credit Monitoring and Evaluation
About the Company: Founded in 2019 by Rajiv Bhat, and Rohit Singh, Martini.ai is a private company that brings the power of deep learning to estimating corporate credit risk. Using alternative data, they provide backtested default risk estimates and credit spreads for public and private companies. Its initial focus is on corporate bonds, with coverage of both US and European bonds. The company’s NeuRatings provide credit portfolio managers with the critical information to protect their portfolios against potential financial losses by offloading or repricing risky debt and constructing hedges to protect against systematic risks.