Modern Intelligence, an Austin, Texas-based AI startup, announced that it secured a $5 million seed funding.
The round was led by Bedrock founder and managing partner Geoff Lewis, with the participation of Vine Ventures, Air Street Capital, and Contrary Capital.
The investment will be used to deliver and test the company's AI-based maritime surveillance solution to defense users at Naval Special Warfare's Trident Specter exercise this summer and, on the companies’, groundbreaking low-data AI research.
Company: Modern Intelligence Inc.
Raised: $5.0M
Round: Seed Round
Funding Month: March 2022
Lead Investors: Geoff Lewis
Additional Investors: Vine Ventures, Air Street Capital, and Contrary Capital
Company Website: https://modernintelligence.ai/
Software Category: AI-based maritime surveillance solution
About the Company: Founded in 2021 by investment and software engineer John Dulin; developer and former CEO of Whiteboard Dynamics Joe Cieslik; and AI scientist and mathematician Tristan Tager. Modern Intelligence is an artificial intelligence company based in Austin, Texas, focused on creating AI that uses proprietary advances in information and complexity theory, with specific applications to accelerate the adoption of artificial intelligence in the defense industry. This new form of AI uses a hierarchical approach that enables very high accuracy and the ability in many cases to solve previously unsolvable problems. Modern Intelligence offers solutions to defense industry AI problems with a focus on licensed AI products that have differentiated R&D.
Source: https://www.prnewswire.com/news-releases/ai-startup-modern-intelligence-raises-5m-to-launch-innovative-maritime-surveillance-ai-301504073.html