# Erudit AI

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

- Industry: Software
- Headquarters: Miami, US
- Website: www.erudit.ai/
- Total disclosed funding: $14M
- Latest round: Series A (Sep 26, 2023)
- Investors on record: 10

## About

Erudit AI Inc., based in the US, specializes in delivering advanced artificial intelligence solutions to enhance organizational decision-making and productivity through innovative analytics platforms.Erudit AI Inc. was founded in 2019 and is headquartered in Miami, US. The company focuses on providing AI-driven solutions that assist businesses in analyzing large datasets for actionable insights. Led by founders Alejandro Agenjo, Alejandro Martínez, and Olivier Mekki, the company successfully raised USD 10.000 mn in its SERIES A funding round on September 26, 2023. This funding round was co-led by investors including Afi Inversiones Globales, Athos Capital, Buenavista Equity Partners, IGNIA Partners, and True Blue Partners, bringing the total amount raised by the firm to USD 10.000 mn, with a current valuation of USD 37.463 mn.Erudit.ai offers advanced artificial intelligence solutions designed to enhance organizational decision-making and productivity. Their core product is an AI-driven analytics platform that assists businesses in interpreting vast amounts of data to derive actionable insights. This platform is particularly useful for sectors such as finance, healthcare, and human resources, enabling clients to streamline operations, optimize workforce management, and improve customer engagement. The technology leverages natural language processing and machine learning to provide intuitive data visualization and predictive analytics capabilities, serving a diverse client base across North America and Europe.The revenue model for Erudit.ai is primarily based on a subscription service, where clients pay a recurring fee for access to the platform's capabilities. This subscription may include tiered pricing plans that provide varying levels of service and features, catering to the specific needs of different businesses. Transactions typically involve B2B engagements, facilitating seamless integration of AI solutions into existing workflows. The structure of these transactions also allows for potential partnerships with larger firms, enhancing the distribution and application of their technology. This recurring revenue model stabilizes Erudit.ai's income and fosters long-term client relationships.In September 2023, Erudit AI Inc. raised USD 10.000 mn in SERIES A funding, which will be utilized to enhance the platform offerings and increase revenue. The company plans to expand its presence in new markets, particularly within North America and Europe, aiming for a broader reach in the AI solutions sector. Future products are currently under development, with specifics on release dates to be announced as the company progresses with its enhancements.

## Funding rounds

- Series A, Sep 26, 2023, $10M — Buenavista Equity Partners, IGNIA Partners, Athos Capital, Afi Inversiones Globales, True Blue Partners
- Seed, Mar 1, 2022, $3.5M — DraperB1, Athos Capital, ESC Venture Capital, Archipelago Next
- Seed, May 18, 2020, $0.4M — DraperB1, ESC Venture Capital, Bizrupt, Archipelago Next
- Seed, Oct 9, 2019, $0.5M — TheVentureCity

## Investors

- TheVentureCity (https://capitalatlas.ai/funds/theventurecity) — Seed
- DraperB1 (https://capitalatlas.ai/funds/draperb1) — Seed
- ESC Venture Capital (https://capitalatlas.ai/funds/esc-venture-capital) — Seed
- Bizrupt — Seed
- Archipelago Next (https://capitalatlas.ai/funds/archipelago-next) — Seed
- Athos Capital (https://capitalatlas.ai/funds/athos-capital) — Seed, Series A
- Buenavista Equity Partners (https://capitalatlas.ai/funds/buenavista-equity-partners) — Series A
- IGNIA Partners (https://capitalatlas.ai/funds/ignia-partners) — Series A
- Afi Inversiones Globales (https://capitalatlas.ai/funds/afi-inversiones-globales) — Series A
- True Blue Partners (https://capitalatlas.ai/funds/true-blue-partners) — Series A