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Altera raises $9M in Seed funding led by Patron and First Spark Ventures to develop AI for digital humans

PRIVATEMay 08, 2024•about 2 years ago

Amount Raised

$9 Million

Menlo ParkInformation Technology

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.

Company Information

Company

Altera.AL

Location

830 MENLO AVENUE, SUITE 100

Menlo Park, California, United States

About

We are building on decades of computational neuroscience research to build digital human beings that live, love and grow with us. We are commercializing our technology from our applied research lab to build Altera. Our journey starts by creating agents that can communicate, explore, learn and play with people and the worlds around them.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

Watching Altera.AL? See every signal — funding, hires, M&A, contracts, sentiment.

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