Machinify Lands $10,000,000 Series A Financing

Company Information

Company
Machinify

Website

http://www.machinify.com

Location
818 Emerson St. Palo Alto, CA 94301

Description
Machinify is engaged in the application of the latest advances in AI to optimize the enterprise. The company utilizes AI technology to help businesses digest their data and unlock hidden profits through automated decision-making. Machinify was founded by Prasanna Ganesan and Alain Rossmann in March 2016 and is based in Palo Alto, California.

Transaction Details

  • Date – 10/9/2018
  • Transaction Type – Venture Equity
  • Transaction Amount – $10,000,000
  • Transaction Round – Series A
  • Acquire / Investor(s) – Battery Ventures
  • Acquire / Investor(s) – GV
  • Acquire / Investor(s) – Matrix Partners