2 Oct 2023 • 3 mins read
Humata AI Secures $3.5M in Funding
Humata AI Secures $3.5 in Funding led by Google's Gradient Ventures
Austin, Texas, October 2, 2023 - Humata AI announced today the successful completion of its latest funding round, raising $3.5M from Google's Gradient Ventures, Cathie Wood's ARK Invest, M13, and other prominent angels for their seed round. Humata's AI platform simplifies complex research publications using AI and helps accelerate scientific discovery. With Humata, users can ask AI-powered queries about their data and files and get instant answers. This feature makes it easy to discover new insights and save time by learning faster and working smarter.
By streamlining the process of knowledge discovery, Humata AI empowers users to make informed decisions and gain a competitive edge in their respective industries by being able to ask questions across all their documents and automatically get the answer.
The funding will boost Humata AI's mission to innovate knowledge discovery, enabling individuals and organizations to fully utilize their data.
This funding round marks a significant milestone for Humata AI, demonstrating strong investor confidence in the company's vision, team, technology, and the growing market demand for advanced AI solutions.
"We are thrilled to have the support of such high-caliber investors," said Cyrus Khajvandi, CEO of Humata AI. "This funding will enable us to accelerate our product development, expand our team, and strengthen our position as a leader in the AI industry."
"Humata is like ChatGPT for all your files. You can ask Humata any question about your PDF and automatically get the answer with highlighted references, so you can fact check it and guarantee correctness," said Khajvandi. "Humata is going viral. It was initially built to address complex scientific queries since ChatGPT often produces inaccurate responses with 0 context from your data. As a former researcher, I believe Humata's AI proficiency in reading and writing can expedite scientific discovery by providing accurate, context-based responses directly from any of your files. Currently, Humata is experiencing global adoption and gaining traction across various industries with enterprise needs."
By providing intuitive knowledge discovery capabilities, users rely on Humata to swiftly obtain answers with highlighted references derived from their data, resulting in unparalleled efficiency gains.
Humata AI's cutting-edge technology is designed to drive business transformation, enabling companies to leverage AI to improve operational efficiency, drive innovation, and create new revenue streams. "As more companies and consumers seek to integrate LLMs into their workflows, Humata's approach stands out," said Zach Bratun-Glennon, Founder and General Partner at Gradient Ventures. "We were impressed with the team's early traction and look forward to supporting them as they grow."
"Cyrus' vision for Humata AI is compelling, and we believe their technology has the potential to make a significant impact in the way enterprises enhance productivity in work and how it can empower teams and executives alike to make better and faster decisions across all their data," said Anna Barber, Partner at M13.
With this new funding, Humata AI plans to continue its rapid growth, further develop its AI technology, and expand its global reach.
About Humata AI:
Humata AI is a leading artificial intelligence company that is transforming the way businesses operate founded by Cyrus Khajvandi and Dan Rasmuson that is like ChatGPT for all your files. The platform empowers individuals and organizations to seamlessly extract insights and answers from a single or multiple PDFs simultaneously, revolutionizing the way people learn, discover, and work.
With the latest advancements in AI technology, Humata AI helps companies unlock new opportunities, improve efficiency, and drive innovation.
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CEO & Co-founder of Humata