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Upword raised $3M in a Pre-Seed funding round led by Telefonica (Wayra X), Go Ahead Ventures, and Goodwater Capital to develop new product and expand into additional markets.

Jun 25, 2024over 1 year ago

Amount Raised

$3 Million

Round Type

seed

Santa MonicaArtificial Intelligence

Investors

Goodwater CapitalGo Ahead VenturesTelefonica (Wayra X)

Description

Upword, an emerging knowledge management solutions provider based in Santa Monica, CA, raised $3M in a Pre-Seed funding round. The company intends to use the funds for further development of the new product as well as expansion into additional markets.

Company Information

Company

Upword

Location

Santa Monica, California, United States

About

Upword is an AI-powered research tool for individuals and teams who want to supercharge their research workflow. Upword's state-of-the-art technology helps teams consume, capture, summarize and organize their most important knowledge more efficiently.

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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