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Raffle.Ai Secures $18 Million Commitment For Continued Expansion

Feb 02, 2022•over 3 years ago

Amount Raised

$18 Million

Copenhagen

Description

raffle.ai, the next-gen enterprise search engine powered by artificial intelligence, today announced that it has raised an $18 million commitment from K1 Investment Management, a leading investment firm focused on high-growth enterprise software companies, with participation from Danish growth fund, Vækstfonden VC. The Series A funding allows raffle.ai to more than double headcount by the end of 2022 and continue its penetration into the European and US markets.

Company Information

Company

Raffle.Ai

Location

Copenhagen, Capital Region Of Denmark, Denmark

About

raffle.ai provides a next-generation AI-based search engine. The platform can search both internal documents and a company's website, using contextual learning to understand meaning and intent. The resulting experience allows employees and customers to find information, documents and image files much faster and efficiently using everyday language. Studies have shown that in many jobs, employees spend a high percentage of their time searching for information. That time can be drastically reduced or eliminated with raffle. For more info, visit www.raffle.ai.

Funding Insights

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