# DeepSee.ai

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

- Industry: Software
- Headquarters: Salt Lake City, US
- Website: www.deepsee.ai
- Total disclosed funding: $23M
- Latest round: Series A (Mar 15, 2021)
- Investors on record: 3

## About

DeepSee.ai Inc. specializes in AI-driven automation solutions that optimize complex business processes, enabling organizations to manage workflows efficiently through innovative technology and domain-specific models.Founded in 2019 and headquartered in Salt Lake City, US, DeepSee.ai Inc. focuses on enhancing business operations through AI automation. The firm was founded by Steve Shillingford, who has a history of developing technology solutions. DeepSee raised USD 22.6 mn in a Series A funding round on March 15, 2021, led by Forgepoint Capital, with participation from AllegisCyber Capital and Signal Peak Ventures. This round was the company's first funding round, matching the total amount raised to USD 22.6 mn.DeepSee primarily offers AI-powered automation solutions designed to transform complex business processes into streamlined workflows. Their flagship application, DeepRecon, enables organizations to train and deploy domain-specific models using private data sets, effectively automating workflows that are typically labor-intensive. This platform empowers business users to interact with unstructured data conversationally, deriving precise answers and insights. DeepSee's technology is particularly focused on highly regulated enterprises, providing specialized AI outcomes that address challenges related to data complexity and compliance. The company's products cater to various sectors, including finance, where clients include banks and financial institutions aiming to harness AI for enhanced operational efficiency and decision-making. DeepSee's solutions are available in global markets, with a strong emphasis on North America and Europe, where demand for digital transformation and automation is rapidly growing.DeepSee generates revenue through a subscription-based model, whereby clients pay for access to its suite of products, including the DeepRecon application. The company structures its transactions to facilitate B2B engagements, primarily targeting enterprise clients that require customized solutions for their business challenges. Clients may enter into long-term partnerships that encompass service agreements for ongoing support and updates, ensuring that their systems remain optimized for performance. Specific pricing details for individual products or services were not disclosed; however, the firm offers tiered subscription plans based on the complexity and scale of deployment required by its clients. By focusing on flagship products like DeepRecon, DeepSee positions itself to meet the high demands of large organizations seeking advanced technological solutions to enhance operational effectiveness.In March 2021, DeepSee.ai Inc. raised USD 22.6 mn in Series A funding, which will be utilized to accelerate product development and expand its platform beyond the capital markets and insurance verticals. The company aims to introduce new products designed to enhance its offerings and plans to target additional markets for expansion, though specific regions have not been disclosed. This strategic growth will leverage the recent funding to broaden DeepSee's impact across various sectors.

## Funding rounds

- Series A, Mar 15, 2021, $23M — AllegisCyber Capital, Signal Peak Ventures, Forgepoint

## Investors

- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series A
- Signal Peak Ventures (https://capitalatlas.ai/funds/signal-peak-ventures) — Series A
- Forgepoint (https://capitalatlas.ai/funds/forgepoint) — Series A