Funding round
AI21 Seed
AI21, which works in enterprise AI system development in Tel Aviv, raised $9.5M in a Seed round announced on 1 Jan 2019. 4 firms took part. It is AI21's first venture round on record.
$9.5M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
AI21 did not disclose a valuation in this round. It is AI21's first venture round on record, 2 years after it was founded in 2017. It is 1.6% of the $607M AI21 has raised in the venture rounds on record. AI21 raised again 22 months later: a Series A round of $25M in Nov 2020. Its next priced round, a Series B in Jul 2022, valued it at $664M.
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- 8VC new investor
- Amnon Shashua new investor
- backs 75 venture-backed companies new investor
- backs 11 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
70 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $2.1M, and this round was 4.5 times the median. The closest in time, other companies' Seed rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 1 Jan 2019 | $6.7M | not disclosed | Forbes |
| Software Development Services | 14 Jan 2019 | $5.0M | not disclosed | Signia Venture Partners |
| Deel Software Development Services | 1 Jan 2019 | $3.9M | $12M | not named |
| Snorkel AI Software Development Services | 1 Jan 2019 | $3.0M | not disclosed | not named |
| Software Development Services | 1 Jan 2019 | $2.9M | not disclosed | DCVC and Spider Capital |
| Software Development Services | 5 Feb 2019 | $2.3M | not disclosed | Dubai Angel Investors and May Nasrallah |
| Software Development Services | 27 Feb 2019 | $2.0M | not disclosed | 2Enable Partners and Hyperplane |
| Software Development Services | 1 Feb 2019 | $2.0M | not disclosed | Duke Capital Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did AI21 raise in its Seed round?
AI21 raised $9.5M in its Seed round, announced in Jan 2019.
Which investors took part in AI21's Seed round?
8VC, Amnon Shashua, Pitango and TPY Capital.
What was AI21's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Software Development Services?
70 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $2.1M, and this round was 4.5 times the median.
Did AI21 raise again after this round?
Yes: a Series A round in Nov 2020 of $25M.