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Symbolica raises $31 million in series A funding led by Khosla Ventures to develop AI systems competing with OpenAI

PRIVATEApr 09, 2024about 2 years ago

Amount Raised

$31 Million

Round Type

series a

San FranciscoSoftwareArtificial IntelligenceMachine Learning

Investors

Buckley VenturesAbstract VenturesGeneral CatalystKhosla Ventures

Description

Artificial intelligence startup Symbolica raised $31 million in a series A funding round led by Khosla Ventures, with participation from General Catalyst, Abstract Ventures, and Buckley Ventures. The funding will be used to develop alternatives to the "transformer" deep learning architecture and create a coding assistant.

Company Information

Company

Symbolica

Location

San Francisco, California, United States

About

Symbolica is developing new state-of-the-art foundation models for structured reasoning. We are building deep learning models which manipulate structured data, learn algebraic structure in it, and do so with an interpretable and verifiable logic. We are now hiring exceptional research and engineering talent, helping us make this a reality.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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