California-based, Contextual AI, a custom language model platform for businesses that helps them to improve their AI apps without any deep knowledge of coding raised $80 million led by Greycroft in a Series A.
NVentures, HSBC Ventures, Bezos Expeditions, Snowflake Ventures, Conviction, Lip-Bu Tan, Lightspeed Ventures, Bain Capital Ventures, and Recall Capital actively backed the round.
Contextual AI $80M Series By Greycroft
CEO Contextual AI, Douwe Kiela said the funds raised will help us with R&D, expansion, and marketing.
Contextual AI is a platform provider that enables companies to create RAG 2.0 apps without any hassle with the help of AI and ML.
CTO Amanpreet Singh said companies can easily deploy their apps on Contextual AI platforms or use an on-prem environment to make changes in their apps. Moreover, when they use on-prem deployment no data is sent to external APIs for any query.
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