Tonic

Tonic

Automates data management and privacy solutions

About Tonic

Simplify's Rating
Why Tonic is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$45.6M

Headquarters

San Francisco, California

Founded

2018

Overview

Tonic.ai provides data management solutions aimed at software developers, data scientists, and quality assurance teams. Their platform enables users to automate data pipelines and manage data efficiently by de-identifying, subsetting, and synthesizing data. This ensures that sensitive information is protected while still being useful for testing and development. Tonic.ai operates on a subscription-based model, offering various service tiers to cater to different organizations, from small startups to large enterprises. Their tools help clients achieve faster testing, more frequent software releases, and fewer bugs, ultimately saving development time and increasing return on investment. Tonic.ai's platform integrates with popular SQL and NoSQL databases, making it a versatile choice for data-driven companies. The goal of Tonic.ai is to streamline data management processes, enhance data privacy, and accelerate software development cycles.

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Simplify's Take

What believers are saying

  • Growing interest in synthetic data boosts Tonic's AI development opportunities.
  • Rising adoption of RAG systems aligns with Tonic's data synthesis capabilities.
  • Cloud-based solutions drive demand for Tonic's scalable, flexible platforms.

What critics are saying

  • Competition from CustomGPT.ai threatens Tonic's position in AI-driven data solutions.
  • Shift towards RAG may require Tonic to adapt its offerings to stay competitive.
  • Pay-as-you-go model could pressure Tonic's subscription-based business model.

What makes Tonic unique

  • Tonic specializes in synthetic data for privacy-preserving software development and testing.
  • The company offers tools for database subsetting, de-identification, and data synthesis.
  • Tonic's platform integrates with SQL and NoSQL databases, enhancing its versatility.

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Funding

Total Funding

$45.6M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$35M
Tonic
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Competitive salary and equity

Unlimited paid time off

401k plan with employer contribution

Medical, dental, and vision insurance

One Medical membership

Generous parental leave policy

Remote-friendly work environment

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

-6%
Datanami
Jun 7th, 2024
Tonic.ai Launches Tonic Textual Snowflake Native App on Snowflake Marketplace

Tonic.ai launches Tonic Textual Snowflake Native App on Snowflake Marketplace.

Help Net Security
May 28th, 2024
Tonic Textual extracts, governs, and deploys unstructured data for AI development

Tonic.ai launched secure data lakehouse for LLMs, Tonic Textual, to enable AI developers to seamlessly and securely leverage unstructured data for retrieval-augmented generation (RAG) systems and large language model (LLM) fine-tuning.

PYMNTS
Apr 26th, 2024
This Week In Ai: Beyond Llms, Ai Forklifts, Weather Forecasting

This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information retrieval with natural language generation, and Walmart is updating its distribution centers by introducing autonomous electric forklifts, marking a significant step in AI-driven robotics in the industry. AI’s Tomorrow? RAG Converges Language and Search. As large language models (LLMs) approach technical limitations, attention shifts to retrieval-augmented generation (RAG), which merges information retrieval with natural language generation, potentially reshaping AI

PYMNTS
Apr 26th, 2024
The Future Of Ai? Rag Combines Language And Search

As experts hint at the nearing technical limits of large language models (LLMs), the spotlight turns to retrieval-augmented generation (RAG) — a promising advancement that could redefine artificial intelligence (AI) by merging information retrieval with natural language generation. LLMs have led AI technology and improved various applications. However, their tendency to generate false information has limited their potential. RAG allows AI to access and incorporate specific external data into its responses, making them more effective and accurate. “The main advantage of RAGs over LLMs is the fact that the former is based entirely on a proprietary data set that the owner of said RAG can control, allowing for more targeted applications,” Renat Abyasov, CEO of the AI company Wonderslide told PYMNTS. “Let’s say a doctor wants to deploy a chatbot for their patients; using an RAG will allow them to ensure that the advice provided by said chatbot will be reliable and consistent

MarTech Series
Mar 14th, 2024
Customgpt.Ai Outperforms Openai And Sets New Industry Standard For Answer Accuracy In Industry Rag Benchmark

CustomGPT.ai Outperforms OpenAI and Sets New Industry Standard for Answer Accuracy in Industry RAG BenchmarkBoston -based Startup Advances its Commitment to Transparency and Trustworthiness through Tonic.ai EvaluationIn a groundbreaking demonstration of its capabilities, CustomGPT.ai has surpassed industry giants in the latest independent Retrieval-Augmented Generation (RAG) benchmark evaluations conducted by Tonic.ai, a pioneer in data mimicking and de-identification. The findings set a new standard for accuracy and answer quality in the field of artificial intelligence technology.CustomGPT.ai is among the first AI tech companies offering a no-code business-grade platform empowering organizations to build hyper-personalized ChatGPT-style AI using their own data and deliver answers in real time based on that data.“CustomGPT.ai is the clear winner in this RAG face-off,” shares Adam Kamor, PhD, in a February 27, 2024 Tonic blog. “Of note, CustomGPT.ai’s median score was a 5, something not seen before by the RAG assistants we’ve evaluated. It is easy to configure, just like OpenAI, but answer quality was superior.”Marketing Technology News: Fineshare FineVoice Now Embraces its 1.5 Version Upgrade as a Versatile AI Voice StudioKamor, Tonic’s co-founder and head of engineering, collaborated with colleagues to publish results from six RAG evaluations. Others include Google’s Vertex Search and Conversation, Amazon Titan and Cohere.“CustomGPT.ai powers MIT Orbit, a popular one-stop shop for MIT entrepreneurs seeking resources and connection with community,” stated Doug Williams, product lead at the Martin Trust Center for MIT Entrepreneurship. “We uploaded documents, help desk repositories, YouTube videos and other sources, then instructed the AI to make our knowledge base readily retrievable

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