# Editate

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

- Industry: Software
- Headquarters: New York, US
- Website: www.prompt.com
- Total disclosed funding: $1.9M
- Latest round: Seed (Oct 15, 2020)
- Investors on record: 2

## About

Editate Inc. specializes in enhancing user interaction with artificial intelligence through innovative tools designed for crafting and refining AI prompts. Their offerings empower businesses and individuals to utilize AI technology effectively.Editate Inc., founded in 2014, is based in New York, US. The company focuses on optimizing user engagement with AI through a range of tools for AI prompts. Led by Brad Schiller, who has a history of entrepreneurship, Editate Inc. has successfully completed 2 deals to date, with the most recent being a Seed round in October 2020, which raised USD 1.9 mn from EduLab Capital Partners, marking the total funds raised to USD 1.9 mn.Prompt.com specializes in optimizing the interaction between users and artificial intelligence through a suite of tools designed to create and refine AI prompts. Their core product offerings facilitate user-friendly engagement with AI technology, enabling businesses to streamline operations and enhance creativity in content generation. The tools cater to a diverse client base, including tech companies, content creators, and educational institutions, aiming to simplify complex AI interactions for a range of applications, from marketing to software development. The company serves customers across North America and Europe, focusing on industries where AI-driven solutions are increasingly being adopted to improve efficiency and productivity.Prompt.com generates revenue primarily through subscription models that provide clients access to their suite of AI prompt tools. The company’s transaction structure is built around tiered pricing plans, allowing businesses to select packages that align with their usage needs and scale. Clients engage in monthly or annual subscriptions, which grant them varying levels of access to features, customer support, and updates. For instance, a flagship product may offer advanced functionalities tailored for enterprise-level integration, while basic plans cater to smaller businesses or individual users. This streamlined approach to service provision enables Prompt.com to effectively meet the diverse demands of its customer segments while maintaining consistent revenue streams from its subscription offerings.Editate Inc. plans to leverage the USD 1.9 mn raised in the Seed round from EduLab Capital Partners to enhance their product offerings and expand into new markets. The company is focused on launching additional tools aimed at improving AI user interactions, with anticipated releases in 2022. Additionally, they aim to penetrate the Asian market by 2023, targeting educational institutions and tech companies as key clients.

## Funding rounds

- Seed, Oct 15, 2020, $1.9M — EduLab Capital Partners
- Seed, Mar 10, 2016 — DreamIt Ventures

## Investors

- DreamIt Ventures (https://capitalatlas.ai/funds/dreamit-ventures) — Seed
- EduLab Capital Partners (https://capitalatlas.ai/funds/edulab-capital-partners) — Seed