# Allegro.AI

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

- Industry: Software
- Headquarters: Ramat Gan, Israel
- Website: www.allegro.ai
- Total disclosed funding: $7M
- Latest round: Series A (Apr 25, 2018)
- Investors on record: 5

## About

Allegro.AI specializes in AI infrastructure solutions, enabling organizations to optimize their AI workflows efficiently through a comprehensive suite of tools and applications.Allegro.AI, established in 2016 in Ramat Gan, Israel, provides AI infrastructure solutions. Founded by Moses Guttmann and Nir Bar-Lev, the company has raised USD 7.000 mn in a Series A funding round led by MizMaa Ventures, with participation from various investors including Robert Bosch Venture Capital and Samsung Strategy & Innovation Center. Allegro.AI has completed two deals, the most recent being on November 5, 2018.Allegro.AI offers a robust AI Infrastructure Platform designed to enhance AI workflows from development to production. Its key offerings include the Infrastructure Control Plane for managing GPU clusters, the AI Development Center for creating and testing AI models, and the GenAI App Engine for deploying large language models. The platform is utilized by over 2,100 organizations worldwide, primarily in technology, finance, and healthcare sectors, with a notable presence in North America, Europe, and Asia.Allegro.AI operates under a subscription-based revenue model tailored for B2B transactions. Clients access services through multi-tiered subscriptions based on their organizational needs, paying for resources utilized such as GPU hours and storage. The flexible pricing plans enable organizations to adjust their usage according to project demands, supported by a transparent billing system that facilitates easy expenditure management. This strategy aims to leverage the growing adoption of AI technologies across industries, targeting enterprise customers for sustained revenue growth.Allegro.AI plans to enhance its product offerings with upcoming innovations aimed at improving AI infrastructure efficiency. The company is also targeting expansion into new geographic regions to capitalize on the growing demand for AI solutions. Funding raised through the latest Series A round will support these initiatives, with a focus on developing new products and scaling operations. The company recently secured venture funding from Hyundai Motor Company to further its growth initiatives.

## Funding rounds

- Series A, Apr 25, 2018, $7M — Robert Bosch Venture Capital, Gandyr Group, Samsung Strategy & Innovation Center, MizMaa Ventures, Dynamic Loop Capital

## Investors

- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series A
- Gandyr Group — Series A
- Samsung Strategy & Innovation Center (https://capitalatlas.ai/funds/samsung-strategy-innovation-center) — Series A
- MizMaa Ventures (https://capitalatlas.ai/funds/mizmaa-ventures) — Series A
- Dynamic Loop Capital (https://capitalatlas.ai/funds/dynamic-loop-capital) — Series A