Altera raises $9M in Seed funding led by Patron and First Spark Ventures to develop AI for digital humans
May 08, 2024•over 1 year ago
Amount Raised
$9 Million
Investors
Alumni VenturesVamos VenturesRich AldrichBob MeeseGreg HarperStephen LimMitch LaskyA16z SpeedrunFirst Spark VenturesPatron
Description
Altera has raised $9 million to develop AI technology to create digital humans that behave in believable ways. The company, led by Patron and First Spark Ventures, has now raised a total of $11.1 million in funding since its inception in December 2023.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers