Fundz

Elm AI has successfully raised $2 million in an oversubscribed funding round to enhance supply chain sustainability and performance. The round was led by Beta Boom Fund and Working Capital Fund, with additional participation from several investors.

PRIVATEApr 12, 2025

Amount Raised

$2 Million

Round Type

Series A

New YorkSoftwareArtificial Intelligence

Investors

Boro Capital PartnersVery Serious VenturesGorges VenturesThe Bond CollectiveTextbook VenturesBeta Boom FundWorking Capital Fund

Description

Elm AI, a Cornell University spinout, has secured $2 million in funding to improve sustainability and operational performance in supply chains. The oversubscribed round was led by Beta Boom Fund and Working Capital Fund, with several other investors participating. Elm AI's AI-driven technology automates supplier documentation analysis, providing actionable insights faster and more cost-effectively. The company serves a diverse clientele, including large multinational corporations.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as Elm AI that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised an undisclosed amount (Funding Round) on April 21, 2025.
  • Bito raised $5.7M (Seed) on May 27, 2025.
  • SpAItial raised $13M (Seed) on May 27, 2025.
  • Contineu raised $1.2M (Seed) on May 27, 2025.
  • Clear Current raised $4M (Seed) on May 27, 2025.
  • Traceloop raised $6.1M (Seed) on May 27, 2025.

Who to call at Elm AI, and when

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Company Information

Company

Elm AI

Location

New York, New York, United States

About

Elm AI is an AI-driven platform helping enterprises improve sustainability and operational performance across their supply chains. Founded as a spinout from Cornell University in 2023, it leverages advanced technology to streamline the supplier due diligence process through automation and actionable insights. The platform supports a diverse range of customers from mid-sized brands to multinational corporations. Elm AI is focused on revolutionizing how companies manage supplier performance and risk data globally.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Elm AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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