logo
logo

Virtualitics, A Leader In Artificial Intelligence And Data Exploration, Closes $37 Million Series C Funding Round

Aug 10, 2023•almost 2 years ago

Amount Raised

$37 Million

Round Type

series c

PasadenaSoftwareInformation Technology

Investors

The Hillman CompanyCitiSmith Point Capital, Llc

Description

Virtualitics, Inc., an artificial intelligence and data exploration company, today announced that it has raised $37 million in a Series C financing round led by Smith Point Capital, LLC with participation from Citi and advisory clients of The Hillman Company, among other investors.

Company Information

Company

Virtualitics, Inc.

Location

225 SOUTH LAKE AVENUE

Pasadena, California, United States

About

Virtualitics, Inc. is an advanced analytics company that helps enterprises and governments make smarter business decisions, faster with ready-to-use AI that can be understood–by analysts and business leaders alike. Our AI platform allows organizations to rapidly process complex data into powerful multi-dimensional graph visualizations, and predict future business outcomes with clear, explainable no-code AI modeling. Virtualitics puts AI into use across the enterprise with enhanced analytics that’s easily integrated into the flow of work. Our patented technology is based on over 15 years of research at the California Institute of Technology and NASA Jet Propulsion Laboratory.

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

Related People