Vera, a New York-based startup that has developed a platform for establishing "acceptable use policies" for generative AI and enforcing these policies, recently closed a $2.7 million in pre-seed funding.
SaaS Investors
The round was led by Differential Venture Partners with participation from Betaworks, Everywhere VC, Essence VC, SaaS Ventures, Greycroft, and ATP Ventures.
Founded in 2017, Differential Ventures is a venture capital investment firm and is based in New York, New York. They invest in B2B data technology startups that are poised to transform the way business works. The firm invests seed stage companies, such as recruiting, sales, marketing, and accounting firms.
Vera's Use of Funds
The company intends to use the funds for its team, R&D, and scaling enterprise deployments.
About Vera
Founded in 2021 by Chas Ballew and Justin Norman, Vera is a startup that develops a conversational assistant to enforce and automate privacy, security, and fairness policies. Vera's platform is designed to help companies set and enforce policies related to generative AI, which includes AI models that generate text, images, music, and more. The platform identifies potential risks in the inputs provided to AI models and can block, redact, or transform requests that may contain sensitive information, intellectual property, or other potential issues. Vera employs proprietary language and vision models to analyze and filter content that passes through it.
Funding Details
Company: Vera AI Inc.
Raised: $2.7M
Round: Pre-Seed Round
Funding Month: October 2023
Lead Investors: Differential Venture Partners
Additional Investors: Betaworks, Everywhere VC, Essence VC, SaaS Ventures, Greycroft, and ATP Ventures
Company Website: https://www.askvera.io/
Software Category: Conversational Assistant
Source: https://www.finsmes.com/2023/10/vera-raises-2-7m-in-pre-seed-funding.html