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INDUSTRY FIRST

Arcee AI raised $24M in a Series A funding led by Emergence Capital to launch Arcee Cloud.

Jul 16, 2024about 1 year ago

Amount Raised

$24 Million

Round Type

series a

MiamiNatural Language ProcessingMachine LearningArtificial Intelligence

Investors

Emergence Capital

Description

Arcee AI raised $24M in a Series A funding round led by Emergence Capital. The funding will be used to bring their solution to the masses via their new cloud platform, Arcee Cloud, which complements their existing in-VPC deployment option, Arcee Enterprise.

Company Information

Company

Arcee AI

Location

Miami, Florida, United States

About

Arcee AI is a company specializing in domain-specific models and tools for enterprises to create their own efficient and customizable small language models (SLMs) for various industries. Their unique approach enables organizations to tackle multiple specialized use cases with cost-effective and energy-efficient AI solutions.

FundzWatch™ Score

86
Medium Activity

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech