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Spear AI raised $2.3 million in its first round of funding led by Cortical Ventures and Scare the Bear. The funding will support growth in government contracts and commercial services.

Jul 25, 202521 days ago

Amount Raised

$2.3 Million

Round Type

seed

WashingtonComputer VisionMachine LearningArtificial IntelligenceInformation TechnologySoftware

Investors

Scare The BearCortical Ventures

Description

Spear AI, founded by U.S. Navy veterans, has raised $2.3 million to apply AI to submarine data. The funding will help expand its workforce to meet government and commercial demands. The company specializes in passive acoustic data for military applications

Company Information

Company

Spear AI

Location

Washington, District Of Columbia, United States

About

Spear AI is a startup founded by U.S. Navy veterans that specializes in applying artificial intelligence to analyze passive acoustic data gathered by submarines. Their goal is to help military operators distinguish between different underwater sounds and assess potential threats. Founded in 2021, the company has developed hardware and software tools to prepare underwater data for AI algorithms, with recent contracts from the U.S. Navy to support their technologies. Spear AI aims to expand its operations and services in the defense sector.

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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