# Contextual AI

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

- Industry: Software
- Headquarters: Mountain View, US
- Website: https://contextual.ai/
- Total disclosed funding: $83M
- Latest round: Series A (Aug 1, 2024)
- Investors on record: 10

## About

Based in the US, Contextual AI, Inc. is a technology company specializing in context engineering platforms that facilitate the development and deployment of advanced artificial intelligence solutions for enterprises.Founded in 2023 and headquartered in Mountain View, US, Contextual AI, Inc. focuses on enabling organizations to leverage AI effectively. The company secured USD 80 mn in Series A funding on August 1, 2024, led by Greycroft Partners with participation from multiple investors, including Bezos Expeditions and HSBC Ventures. The CEO and founder, Douwe Kiela, has a background in developing innovative AI technologies.Contextual AI specializes in a context engineering platform designed to facilitate the development and deployment of production-grade artificial intelligence (AI) solutions. Their core offerings leverage a unified context layer that enhances the capabilities of AI models by enabling them to efficiently access and interpret complex enterprise data. The platform targets various use cases, including improving first-call resolution rates through technical support assistants, enhancing employee productivity with natural language queries for institutional knowledge, and automating repetitive tasks across procurement, legal, and financial operations. The solutions cater to a diverse client base, including industries such as financial services, engineering, and manufacturing, with a strong focus on sectors that require robust, scalable AI applications. These products are marketed to enterprises across North America, Europe, and Asia, ensuring a broad geographical reach.Contextual AI operates under a revenue model primarily structured around subscription services and partnerships. Clients engage with the company through subscription agreements that grant access to its context engineering platform and its suite of AI-enabled applications. This model allows businesses to integrate AI solutions tailored to their specific needs, leveraging features like agent configuration tools and data source connectivity. Revenue is generated through the implementation of advanced AI models that facilitate streamlined operations and improved decision-making processes for end users.In August 2024, Contextual AI, Inc. raised USD 80 mn in Series A funding led by Greycroft Partners, with participation from new investors including Bezos Expeditions and HSBC Ventures. The company will utilize this funding to scale its production-grade large language models, further enhancing their AI capabilities. Future growth strategies include launching new product offerings tailored to emerging market needs and expanding into regions such as Europe and Asia by 2025.

## Funding rounds

- Series A, Aug 1, 2024, $80M — Lightspeed Venture Partners, Bain Capital, Greycroft, Bezos Expeditions, Nventures, Snowflake Ventures, HSBC Ventures, Conviction, Recall Capital
- Seed, May 12, 2023, $3M — Lightspeed Venture Partners, Bain Capital, Greycroft, SV Angel, Conviction, Recall Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Conviction (https://capitalatlas.ai/funds/conviction) — Seed, Series A
- Recall Capital (https://capitalatlas.ai/funds/recall-capital) — Seed, Series A
- Bezos Expeditions — Series A
- Nventures — Series A
- Snowflake Ventures (https://capitalatlas.ai/funds/snowflake-ventures) — Series A
- HSBC Ventures (https://capitalatlas.ai/funds/hsbc-ventures) — Series A