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Egune AI raised $3.5M in funding led by Golomt Bank to expand operations and development efforts.

May 17, 20257 months ago

Amount Raised

$3.5 Million

Round Type

seed

UlaanbaatarMachine LearningArtificial Intelligence

Investors

Golomt Bank

Description

Egune AI, a Ulaanbaatar, Mongolia-based foundation model AI company, raised $3.5M in funding. Backers included Golomt Bank. The company intends to use the funds to expand operations and its development efforts. Egune AI provides an intelligent assistance enhancing access to quality education, healthcare, legal services, and more.

Company Information

Company

Egune AI

Location

Ulaanbaatar, Ulaanbaatar, Mongolia

About

Egune AI is a startup that develops cutting-edge, sustainable, and efficient language models with a country-specific approach. Our mission is to revolutionize the way businesses and individuals worldwide communicate, work, and live by harnessing the power of advanced language AI technology. We are able to develop language models that are tailored to the specific linguistic, cultural, and societal nuances of each country we serve.

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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