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Profet Ai Closes Us$5.6M Series A Round To Fuel Regional Expansion And Product Development

PRIVATEJan 05, 2023

Round Type

Series A

TaipeiInformation TechnologySoftwareArtificial IntelligenceMachine Learning

Investors

Jensen Capital ManagementHarbinger Venture CapitalHive VenturesDarwin Ventures

Description

Profet AI, a Taiwan-based developer of auto machine learning solutions, has raised US$5.6 million in a Series A funding round led by Darwin Ventures. Existing investors Hive Ventures, AUO and SVTI also participated in the round, joined by Harbinger Venture Capital, and Jensen-Capital Management. Profet AI will use this funding to accelerate its overseas expansion into Japan, Southeast Asia and China, further develop its AutoML Virtual Data Scientist Platform and Ready To Go Applications and accelerate new product development.

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

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

  • Axion Ray raised $7.5M (Funding Round) on February 16, 2023.
  • EthonAI raised $6.8M (Seed) on February 14, 2023.
  • Rezolve AI raised $11M (Series A) on February 9, 2023.
  • MindsDB raised $17M (Funding Round) on February 7, 2023.
  • Magic raised an undisclosed amount (Series A) on February 7, 2023.
  • Magic raised $28M (Funding Round) on February 6, 2023.

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Company Information

Company

Profet AI

Location

Taipei, Taiwan

About

Profet AI is a manufacturing auto machine learning software company that provides an end-to-end no-code AutoML platform and on-demand AI application knowledge base to enable industry sectors or IT professionals to quickly build high-quality predictive models and rapidly deploy AI applications to solve daily production and digitization challenges. EMS, Semi-OSAT, PCB, IC design houses, display panel and material solution providers.For more information, visit https://www.profetai.com/

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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

Profet 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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