# Diveplane Corporation

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

- Industry: Software
- Headquarters: Raleigh, US
- Website: www.diveplane.com
- Total disclosed funding: $26M
- Latest round: Series A (Sep 12, 2022)
- Investors on record: 7

## About

Diveplane Corporation specializes in AI solutions that prioritize explainability and data-driven insights, fundamentally transforming enterprise operations through innovative technology.Diveplane Corporation, founded in 2017 and headquartered in Raleigh, US, focuses on developing AI solutions for various sectors. The company has successfully raised USD 25.00 mn in its Series A funding round on September 12, 2022, led by Shield Capital with participation from L3Harris Technologies, Inc., Sigma Defense Systems LLC, and Calibrate Ventures. The founder, Chris Hazard, has a history of entrepreneurship, contributing to the company’s innovative direction.Diveplane Corporation specializes in delivering AI solutions that emphasize explainability and data-driven insights, fundamentally transforming enterprise operations through its unique AI Reasoning Layer. Their core offerings include Agentic Data Science and Agentic Data Engineering, enabling organizations to extract actionable information from their data and generate causal insights with clear attribution back to the original datasets. Serving finance, healthcare, and government sectors, Diveplane’s technology supports Fortune 500 companies and academic institutions in managing AI-related challenges. Their solutions are marketed across North America, Europe, and select regions in Asia.Diveplane Corporation's revenue model primarily consists of B2B subscriptions, with enterprise clients accessing its AI solutions through tailored subscription-based pricing. Licensing fees are charged for the use of their flagship products, Agentic Data Science and Agentic Data Engineering. The company engages clients through direct sales efforts, offering multi-year subscription agreements that include access to Diveplane’s AI capabilities and ongoing support to ensure system reliability.Following the recent Series A funding of USD 25.00 mn, Diveplane Corporation plans to open a new office in Smoky Hollow and expand its team to meet market demands. The company is focused on launching new products aimed at enhancing its AI capabilities, with specific timelines for development set for the upcoming fiscal year. Additionally, Diveplane intends to further penetrate international markets, particularly targeting regions in Asia for expansion by 2024.

## Funding rounds

- Series A, Sep 12, 2022, $25M — Calibrate Ventures, Shield Capital, L3Harris Technologies, Inc., Sigma Defense Systems LLC
- Seed, Oct 16, 2018, $0.5M — Presence Capital, Wolfpack Investor Network, Venture Capital Multiplier Fund

## Investors

- Presence Capital (https://capitalatlas.ai/funds/presence-capital) — Seed
- Wolfpack Investor Network (https://capitalatlas.ai/funds/wolfpack-investor-network) — Seed
- Venture Capital Multiplier Fund — Seed
- Calibrate Ventures (https://capitalatlas.ai/funds/calibrate-ventures) — Series A
- Shield Capital (https://capitalatlas.ai/funds/shield-capital) — Series A
- L3Harris Technologies, Inc. — Series A
- Sigma Defense Systems LLC — Series A