Reliant AI raised $11.3M in seed funding co-led by Tola Capital and Inovia Capital to expand its AI-driven software in the biopharma industry.

Aug 20, 2024•over 1 year ago

Amount Raised

$11.3 Million

Round Type

seed

MontrealMachine LearningArtificial IntelligenceBiotechnologySoftwareAnalytics

Investors

Mike VolpiInovia CapitalTola Capital

Description

Reliant AI launched out of stealth with $11.3 million in seed funding, targeting the biopharma industry with its first product, Reliant Tabular. The new capital will be used to hire engineering talent and expand its technology investment in Europe and North America.

Company Information

Company

Reliant AI

Location

Montreal, Quebec, Canada

About

Reliant AI is a provider of generative AI-powered data analytics software that focuses on the biopharma industry. Founded by leading researchers from renowned institutions, the company aims to enhance research capabilities by automating data-intensive tasks. Their first product, Reliant Tabular, significantly reduces the time required for data analysis and decision making. With a commitment to solving complex information challenges, Reliant AI is poised to transform how life sciences professionals operate.

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Funding Insights

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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