# Astound

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

- Industry: Software
- Headquarters: Menlo Park, US
- Website: www.astound.ai
- Total disclosed funding: $27M
- Latest round: Series B (Apr 20, 2019)
- Investors on record: 6

## About

Astound Inc. provides innovative artificial intelligence solutions to improve business operations, focusing on data-driven analytics and automation tools tailored for various industries.Founded in 2016 and headquartered in Menlo Park, US, Astound Inc. specializes in advanced AI technologies that streamline business processes. The company successfully raised USD 15.5 mn in its Series B funding round on April 20, 2019, led by March Capital, with notable participation from other investors. Notably, Astound has engaged in two funding rounds to date, showing a commitment to scaling its operations.Astound.ai specializes in advanced artificial intelligence solutions designed to enhance business operations across various sectors. Its core product offerings include AI-driven analytics platforms that facilitate data-driven decision-making and automation tools that optimize workflows. These products are crafted to address specific challenges such as operational inefficiencies, data management, and customer engagement. The company serves a diverse client base that spans industries such as finance, healthcare, and retail, with end users ranging from enterprise-level organizations to small and medium-sized businesses. Astound.ai's solutions have been developed for deployment in major markets including North America, Europe, and parts of Asia, ensuring a broad geographical reach.Astound.ai generates revenue primarily through subscription-based models and partnerships with other organizations. Clients typically engage with the company to access its suite of AI tools, which may include tiered pricing plans that cater to different business needs and sizes. For example, businesses may subscribe to a specific service level that grants access to advanced analytics features and dedicated support. Additionally, Astound.ai may establish strategic alliances with larger firms, leading to wholesale arrangements that benefit both parties. The revenue structure is designed to foster long-term relationships with clients, ensuring that businesses can scale their use of services as their needs evolve.Astound Inc. plans to leverage the recent Series B funding of USD 15.5 mn, secured on April 20, 2019, to further enhance its product offerings and expand its market presence. The company aims to develop new AI-driven products targeted at improving operational efficiencies and is exploring entry into new geographic markets in Europe and Asia by 2025. This strategic expansion is expected to augment its existing client base and enhance revenue streams, positioning Astound for sustained growth.

## Funding rounds

- Series B, Apr 20, 2019, $16M — Pelion Venture Partners, Moment Ventures, March Capital, Vertex Ventures, Slack Fund
- Series A, Jan 31, 2018, $12M — Pelion Venture Partners, Moment Ventures, The Hive, Vertex Ventures, Slack Fund

## Investors

- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A, Series B
- Moment Ventures (https://capitalatlas.ai/funds/moment-ventures) — Series A, Series B
- The Hive (https://capitalatlas.ai/funds/the-hive) — Series A
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series A, Series B
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Series A, Series B
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series B