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Evolv Ai Raises $13.3M To Fuel Enhanced Generative Ai Capabilities

Nov 09, 2023over 1 year ago

Amount Raised

$13.3 Million

San FranciscoNatural Language ProcessingMachine LearningArtificial IntelligenceSoftware

Investors

Kathryn Murphy, Svp Of Product And Design At TwilioKerry LiuMajor Group AsiaEngage VcNjf CapitalHorizons Ventures

Description

Evolv AI, the maker of the world's leading intelligent digital experience optimization and personalization platform, today announced the closing and conversion of their previously issued convertible notes and a new equity round, for a total of $13.3 million in new funding. Led by Horizons Ventures, the round brings their total funding to date to $23.3M. New and existing investors like Horizons Ventures, NJF Capital, Engage VC, Major Group Asia, and others participated in the round.

Company Information

Company

Evolv AI

Location

200 WEST STREET

San Francisco, California, United States

About

Evolv Al powers intelligent digital experiences that enable organizations to learn from every session to improve conversions continuously. Digital leaders rely on Evolv AI to define their experimentation strategy, generate a constant source of new ideas to be explored, and leverage our proprietary AI to progressively improve digital optimization to find the best customer journey. Utilizing a proprietary machine learning engine and clients' visitor data, Evolv AI delivers on digital growth goals at a velocity for companies such as Safelite, A&E, Curiosity Stream, DirectTV, and Verizon. Learn more at evolv.ai.

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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