# Mighty AI

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.mty.ai
- Total disclosed funding: $27M
- Latest round: Series A (Jan 10, 2017)
- Investors on record: 6

## About

Mighty AI, Inc. specializes in providing advanced domain-related services for businesses, focusing on premium domain name marketplaces and branding solutions.Founded in 2014 and headquartered in Seattle, US, Mighty AI, Inc. operates in the domain services sector, offering a marketplace for premium domain names. The company has raised USD 14.00 mn in its latest funding round, the Series A, led by Intel Capital, which included participation from Accenture Technology Ventures, Foundry Group, GV, Madrona Venture Group, and New Enterprise Associates. It has completed a total of four deals, with the most recent deal occurring on June 25, 2019, when Uber Technologies, Inc. acquired Mighty AI, Inc.Mighty AI offers a comprehensive suite of domain-related services aimed at businesses seeking to establish a strong online presence. Their primary product is a marketplace for premium domain names, featuring over 300,000 expert-curated, brandable domains, including one-word domains with modern extensions like .ai, .io, and .xyz. The platform allows users to purchase domains instantly and offers managed contests for naming and branding, facilitating collaboration with experts. Additionally, Mighty AI provides AI-powered tools for logo creation, brand alignment, and trademark services, catering to a diverse clientele across North America, Europe, and parts of Asia.Mighty AI generates revenue primarily through the sale of domain names and associated branding services. Transactions occur via direct purchases through the Atom.com marketplace, with a focus on premium offerings that command higher prices. The company employs a transaction structure that includes both direct-to-consumer sales and B2B services, where businesses utilize branding contests and AI-generated tools. Pricing varies based on the exclusivity and demand of domain names, with flagship offerings priced competitively. Additional revenue streams may include partnerships and subscription-based services related to brand management and trademark protection.Following the June 2019 acquisition by Uber Technologies, Inc., Mighty AI is expected to expand its product offerings and geographic reach. The company is focused on developing new branding solutions and enhancing its domain marketplace functionalities. Future growth plans include entering new markets in Asia and Europe by 2023, leveraging the recent funding to enhance its service capabilities and increase market penetration.

## Funding rounds

- Series A, Jan 10, 2017, $14M — New Enterprise Associates, Intel Capital, Madrona Venture Group, Foundry Group, GV, Accenture Technology Ventures
- Series A, Aug 25, 2015, $10M — New Enterprise Associates, Madrona Venture Group, Foundry Group
- Seed, Dec 7, 2014, $3.3M — New Enterprise Associates, Madrona Venture Group, Foundry Group

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Seed, Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A
- Accenture Technology Ventures (https://capitalatlas.ai/funds/accenture-technology-ventures) — Series A