# Ikigai Labs

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.ikigailabs.io
- Total disclosed funding: $40M
- Latest round: Series A (Aug 4, 2023)
- Investors on record: 6

## About

Ikigai Labs, Inc. is a US-based technology firm focused on generative AI solutions for enterprise data management, enhancing data reconciliation and demand forecasting capabilities for businesses.Founded in 2019, Ikigai Labs, Inc. is headquartered in San Francisco, US. The company specializes in developing AI-driven solutions tailored for enterprise data management. The founding team includes Alex Obadia, Anna Malhotra, Divonée Pleasant, Fer Islas, Paula Muler, Rahul Choudhary, Vedika Jajodia, and Vinayak Ramesh. The company raised USD 24.76 mn in Series A funding on August 4, 2023, led by PremjiInvest, with participation from Foundation Capital and e& capital. This funding round accounts for the total amount raised to date, which is also USD 24.76 mn, with a current valuation of USD 108.171 mn.Ikigai Labs specializes in generative AI solutions tailored for enterprise data management, focusing primarily on AI-driven data reconciliation and demand forecasting. Their core offerings include a patented Large Graphical Model (LGM), which effectively analyzes multi-variate tabular and time series data sourced directly from clients' enterprise systems. This model enhances the accuracy of demand forecasts, particularly in scenarios where historical data is limited, by integrating external data sources such as weather patterns and social sentiment. The solutions address the challenges of sparse and messy data, allowing businesses to cleanse and synthesize information, ultimately producing a single, trustworthy data source for strategic planning. Ikigai Labs primarily serves clients in diverse sectors across North America and Europe, providing advanced data analytics and forecasting capabilities.Ikigai Labs generates revenue through a subscription model, allowing clients to access their suite of AI solutions, including the flagship AI Forecast product. Clients engage through direct partnerships, leveraging the technology to enhance operational efficiencies and data accuracy. The pricing structure is based on the level of service required, including options for API toolkits and low-code/no-code platforms that facilitate user-friendly implementation of the AI solutions. Transactions typically involve ongoing subscriptions that include updates and support, ensuring clients can continuously adapt to changing business constraints. Ikigai Labs aims to foster long-term relationships with clients while delivering scalable and efficient data solutions.Following their recent Series A funding of USD 24.76 mn, Ikigai Labs plans to grow its team and expand its market presence. The funding will support the development of new products designed to enhance their AI offerings. Specific geographic expansions are being considered, including targeting additional sectors within North America and Europe. The company is positioning itself to leverage the recent investment to increase operational capacity and product innovation.

## Funding rounds

- Series A, Aug 4, 2023, $25M — Foundation Capital, PremjiInvest, e& capital
- Seed, Dec 9, 2021, $13M — Foundation Capital, Underscore VC, 8VC
- Seed, Jun 1, 2021, $2.7M — Crowdcube

## Investors

- Crowdcube (https://capitalatlas.ai/funds/crowdcube) — Seed
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed, Series A
- Underscore VC (https://capitalatlas.ai/funds/underscore-vc) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- PremjiInvest (https://capitalatlas.ai/funds/premjiinvest) — Series A
- e& capital (https://capitalatlas.ai/funds/e-capital) — Series A