Home / Business and Economy / Articul8 Secures $70M+ Funding at $500M Valuation
Articul8 Secures $70M+ Funding at $500M Valuation
7 Jan
Summary
- Articul8 raised over $70M at $500M valuation.
- Company targets regulated industries with specialized AI.
- Funding will support international expansion and R&D.
Articul8, an enterprise AI company that originated from Intel in early 2024, has announced it has secured more than half of its planned $70 million Series B funding round. This funding round values the company at a $500 million pre-money valuation, a substantial increase from its January 2024 Series A valuation of $100 million.
The company, which specializes in AI systems for regulated industries like energy and finance, has achieved over $90 million in total contract value from 29 customers. Articul8 focuses on providing specialized AI solutions that operate within clients' own IT infrastructure, ensuring accuracy, auditability, and data control.
Articul8 plans to allocate the Series B proceeds to enhance research and product development and to fuel its international expansion into Europe and Asia. Key investors in this round include Spain's Adara Ventures and India's Aditya Birla Ventures.
