TAZI.AI, a San Francisco, CA-based company, announced the official launch of its Machine Learning (ML) solutions for the insurance, healthcare, and pharmaceutical industries, built on its SaaS ML Platform.
As part of the launch, TAZI.AI raised $4.6 million in seed funding for its patented, continuous machine learning technology, enabling business users.
The round was led by Illuminate Ventures, a seed-stage enterprise/B2B software-focused VC firm, with participation from Diffusion Capital Partners, Foothill Ventures, Handshake Ventures, and angel investors.
The investment will allow TAZI.AI to expand its team and expand its enterprise customer base.
Company: Tazi AI Systems, Inc.
Raised: $4.6M
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Illuminate Ventures
Additional Investors: Diffusion Capital Partners, Foothill Ventures, and Handshake Ventures
Company Website: https://www.tazi.ai/
Software Category: Machine Learning (ML) Solutions
About the Company: Founded in May 2017, TAZI.AI is built on a vision of adaptive and responsible ML accessible to all companies and users. It provides easy-to-use, no-code, adaptive, and transparent ML solutions based on its proprietary platform. TAZI.AI’s founding team has extensive research and industry experience in ML, demonstrated by more than 100 publications and 23 patents. TAZI.AI’s Adaptive ML was an honorable mention in the 2022 Gartner® Magic Quadrant™ for Cloud AI Developer Services. The company is a Gartner Cool Vendor in AI Core Technologies and has also been included in more than 10 other Gartner reports mentioning TAZI as a Responsible ML platform. Currently, TAZI helps insurance companies realize the benefits of ML with its lead scoring, cross-sell, and profitability monitoring solutions to increase their revenues, efficiency, and response time. TAZI.AI is headquartered in San Francisco
Source: https://www.tazi.ai/news/tazi-ai-launches-adaptive-machine-learning-solutions-to-speed-up-and-democratize-machine-learning