Mechanical Orchard raised $50 million in a Series B funding round led by GV to help companies transition away from legacy software.

Aug 13, 2024•over 1 year ago

Amount Raised

$50 Million

Round Type

series b

San FranciscoArtificial IntelligenceSoftware

Investors

Description

Mechanical Orchard has successfully raised $50 million in a Series B funding round to aid organizations in moving from outdated IT systems to modern, cloud-based applications. The funding will enhance their AI-driven technology that modernizes legacy systems efficiently.

Company Information

Company

Mechanical Orchard

Location

San Francisco, California, United States

About

Mechanical Orchard, Inc. was formerly known as P3 Systems, Inc./DE. Mechanical Orchard is an AI-native technology company that de-risks the process of bringing old but critical computer systems up to date. We modernize and run crucial business applications used by some of the largest companies around the world. Our goal? Help our customers stay ahead of the curve, compete at an ever-accelerating pace, and win in their markets.

Related People

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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

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