# Granica

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

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.granica.ai
- Total disclosed funding: $40M
- Latest round: Series A (Sep 18, 2020)
- Investors on record: 2

## About

Based in California, US, and co-founded by Rahul Ponnala (CEO) and Tarang Vaish (CTO) in 2019, Granica operates as a software development company offering an online platform that provides artificial intelligence (AI) based data management and optimization solutions. In June 2023, the firm raised USD 45 million in venture funding led by investors New Enterprise Associates and Bain Capital Ventures.

The company offers an AI-efficiency platform and suite of API (application programming interface) services for data-intensive organizations. The company's AI Efficiency Platform, known as Granica, is deployed as managed software that runs in customers' AWS or GCP cloud accounts. It increases the efficiency and utility of AI-related data, delivering benefits throughout the downstream AI pipeline stages. By leveraging Granica, businesses can free up significant resources, time, and money that can be reinvested to improve AI performance and outcomes. Granica's flagship API service, Granica Crunch, provides deep and fast data reduction of large-scale image and textual AI data. It utilizes advanced machine learning-powered algorithms to reduce storage and bandwidth costs associated with AI data by 25-60%. This allows businesses to cost-effectively manage, grow, and utilize their AI datasets to maximize model performance and return on investment.

The company plans to utilize its June 2023 funding to expand its product development.

## Funding rounds

- Series A, Sep 18, 2020, $40M — New Enterprise Associates, Bain Capital

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series A