# Able AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/able-ai

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.ableai.com
- Total disclosed funding: $20M
- Latest round: Series A (Jun 16, 2022)
- Investors on record: 2

## About

Based in California, US, and founded in 2020 by Diego Represas and Andrew Hurst, Able AI, Inc., aka Able AI operates as a provider of an AI-based commercial loan processing platform that allows lenders to collect information from borrowers, streamlines the loan process, and book loans faster. In June 2022, Able AI, Inc. raised USD 20 million in a Series A funding led by Canapi Ventures and Human Capital.

The Able AI platform assists in automating the expensive and time-consuming process of gathering and structuring loan application data that allows business and commercial lenders to fund enterprises. Additional features include document collection, loan origination, loan monitoring, collaboration tools, and loan renewal tools.

## Funding rounds

- Series A, Jun 16, 2022, $20M — Canapi Ventures, Human Capital
- Seed, Jun 1, 2020 — Human Capital

## Investors

- Human Capital (https://capitalatlas.ai/funds/human-capital) — Seed, Series A
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series A