Monday, June 11, 2018

Foundry.ai raises $67 million for enterprise AI

Foundry.ai, a start-up based in Washington, D.C., announced $67 million in funding for its artificial intelligence (AI) software solutions for large enterprises
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Foundry has launched four businesses to date:

  • Vizual.ai, which provides image optimization to web publishers and e-commerce businesses;
  • Supplier.ai, which allows enterprises to improve procurement economics through improved vendor selection, pricing and risk management;
  • HUD.ai, which empowers go-to-market professionals selling large enterprise solutions to improve the quality and quantity of personalized, high-impact outreach; and
  • Curia.ai, which provides advanced decision optimization tools to healthcare provider networks.

"In every global 2000 C-suite and boardroom, someone is asking the question, 'How will AI impact our business?'," said Ned Brody, co-founder of Foundry.ai. "Foundry's new funding will allow us to build a significantly greater number of Practical AI businesses, creating AI solutions that focus on replicable, every-day decision improvements that drive immediate profitability increases."

https://www.foundry.ai/

  • Foundry.ai was founded by Jim Manzi, who previously was founder and CEO of Applied Predictive Technologies.

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