Espresso AI raises $11M in seed funding led by Daniel Gross and Nat Friedman to tackle the cloud cost crisis
Amount Raised
$11 Million
Round Type
Seed
San FranciscoSoftwareArtificial IntelligenceMachine LearningCloud InfrastructureCloud ComputingInvestors
Description
Espresso AI, a stealthy Silicon Valley artificial intelligence startup, has raised over $11 million in seed funding to bring the power of AI to perhaps the biggest challenge in enterprise computing today: reining in runaway cloud costs. The funding includes a seed round led by Daniel Gross and Nat Friedman, and a pre-seed round led by Matt Turck at FirstMark, with participation from industry leaders.
Quick answer
Espresso AI raised $11 Million in a Seed round, dated May 7, 2024. Investors: Matt Turck, Nat Friedman and Daniel Gross. Espresso AI is based in San Francisco, California, United States.
- How much did Espresso AI raise?
- Espresso AI raised $11 Million in a Seed round on May 7, 2024.
- Who invested in Espresso AI?
- Matt Turck, Nat Friedman and Daniel Gross are named as investors in this round.
- What does Espresso AI do?
- Espresso AI is a Silicon Valley artificial intelligence startup focused on bringing AI to enterprise cloud computing to optimize code and reduce cloud compute costs.
- Where is Espresso AI based and how big is it?
- Espresso AI is based in San Francisco, California, United States.
- Who are the decision-makers at Espresso AI?
- Fundz holds 1 contact at Espresso AI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Cloud Infrastructure and Cloud Computing around the same time
Companies in the same sectors as Espresso AI that raised within 45 days of this round, from Fundz verified event records.
- Poolside.ai raised $400M (Funding Round) on June 20, 2024.
- unitQ raised an undisclosed amount on June 20, 2024.
- ConfidentialMind raised $1.6M (Pre-Seed) on June 20, 2024.
- Substrate raised $8M (Seed) on June 20, 2024.
- PointFive raised $16M (Seed) on June 19, 2024.
- Trustwise raised $4M (Seed) on June 19, 2024.
Who to call at Espresso AI, and when
A new round usually means Espresso AI is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Espresso AI raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Espresso AI, from your own LinkedIn network
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Related People
Espresso AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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