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About essential AI
Industries
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$64.8M
Headquarters
San Francisco, California
Founded
2023
Overview
EssentialAI develops practical machine learning and artificial intelligence models designed for everyday tasks. Their products, such as the Dog Breed Predictor, utilize machine learning techniques to identify dog breeds from photos, making it easier for dog owners and potential adopters to learn about their pets. EssentialAI targets a wide audience, including individual consumers and businesses, by offering accessible AI tools in multiple languages. Their revenue comes from paid services and subscription plans for their AI models, as well as custom AI solutions tailored to specific client needs. The company's goal is to simplify life by making AI useful and easy to use for a diverse range of users.
Simplify's Take
What believers are saying
- Rising demand for AI automation in healthcare expands Essential AI's market reach.
- AI-powered image recognition growth aligns with Essential AI's Dog Breed Predictor product.
- Interest in multilingual AI solutions boosts demand for Essential AI's offerings.
What critics are saying
- Competition from tech giants like Google and NVIDIA poses market challenges.
- Rapid AI development risks making Essential AI's models obsolete without updates.
- Ethical concerns and regulatory scrutiny could impact Essential AI's market acceptance.
What makes essential AI unique
- Essential AI offers practical AI tools for everyday tasks, enhancing user convenience.
- Their Dog Breed Predictor uses advanced machine learning for accurate breed identification.
- Essential AI's multilingual AI models cater to a global audience, increasing accessibility.
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Funding
Total Funding
$64.8M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Relocation Assistance
401(k) Company Match
Company Equity
Health Insurance
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↑ 7%2 year growth
↓ -6%SAN FRANCISCO - Essential AI has raised a $56.5 million Series A funding round led by March Capital including participation from AMD, Franklin Venture Partners, Google, KB Investment, NVIDIA, and Thrive Capital.
Essential AI announced this week it had raised $56.5 million in new funding led by March Capital.
Essential AI says the products would make data analysts 10x faster and give business users the ability to become data-driven decision-makers.
The startup was founded by two co-authors of a famous Google AI paper
Artificial intelligence (AI) company Essential AI has reportedly raised $40 million in new funding. The funding round for the startup — described in a Bloomberg News report Wednesday (Sept. 13) as a “secretive” company — comes amid a wave of financing for the AI sector. . The Bloomberg report — citing a source familiar with the deal — noted that Essential had raised $8 million a few months ago in a round led by Thrive Capital, which also invested in OpenAI
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About essential AI
Industries
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$64.8M
Headquarters
San Francisco, California
Founded
2023
essential AI is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to essential AI