Funds for AI Integrator AI Squared

Washington, DC-based AI Squared, whose software helps clients integrate AI-based insights and data into their business applications, has announced Series A funding totalling $13.8m. The investment will help it expand its team and further develop its product.

AI Squared, led by CEO Benjamin Harvey (pictured), says its platform dramatically increases companies' ROI in AI projects by making it much easier to integrate and adopt AI-powered insights into the tools and apps they use every day, boasting that its solution 'lessens the time to integrate data and AI into workflows from 4 months to 4 minutes'. Harvey and others in its founding team bring experience from work in the National Security Agency, Microsoft, JPMorgan Chase and the data science team at Databricks.

The round was led by Ansa Capital, whose co-founder and General Partner Allan Jean-Baptiste will join AI Squared's board; and was joined by new investor Latimer Ventures and existing backers NEA and Ridgeline. In addition Roger W. Ferguson Jr., former Vice Chairman of the Federal Reserve and board member of Alphabet Inc. has invested and will join the Board.

'Far too many companies aren't getting enough ROI from AI' comments Harvey. 'Deploying a single model often requires the use of over ten tools. AI Squared's tools directly tackle this 'last mile' problem, and make it much easier for businesses to deploy, use, and improve the use of AI within their teams'.

Web site: www.squared.ai .