# Moffett AI

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

- Industry: Hardware
- Headquarters: Los Altos, US
- Website: www.moffett.ai
- Total disclosed funding: $10M
- Latest round: Series A (Jan 17, 2022)
- Investors on record: 7

## About

Moffett AI excels in delivering advanced artificial intelligence solutions that enhance business processes through automation and analytics, enabling companies to make informed decisions and improve operational efficiency.Founded in 2018 in Los Altos, US, Moffett AI specializes in AI technology. The company's founders are Ian Yen, Wei W., and Zhibin Xiao, with Wei W. serving as CEO. Moffett AI has successfully secured a total of USD 10.00 mn in funding through 2 deals, with the latest round being an Angel round raising USD 10.00 mn on January 17, 2022, led by Keytone Ventures and including investors such as Cloud Angel Fund and Creation Venture Partners.Moffett.ai specializes in advanced artificial intelligence solutions aimed at optimizing business processes through automation and data-driven insights. The company’s core product offerings include AI-driven analytics platforms and customized machine learning models designed to enhance decision-making capabilities for enterprises across various sectors. These products address challenges such as operational inefficiencies, customer engagement, and predictive maintenance, providing end users—ranging from mid-sized businesses to large corporations—with tools to streamline their operations. Moffett.ai has launched its services in key geographical markets, including North America and Europe, where the demand for innovative AI applications is growing.Revenue generation for Moffett.ai is primarily structured around subscription-based models, where clients pay for access to their suite of AI tools and analytics platforms. The company engages in B2B transactions, partnering with organizations to implement tailored AI solutions that cater to specific industry needs. A typical engagement may involve a client subscribing to a suite of services that includes ongoing support, updates, and access to new features. Flagship products, incorporating advanced machine learning algorithms, are central to these offerings, and pricing tiers are designed to accommodate varying levels of service and usage. The transaction structure emphasizes long-term partnerships and recurring revenue, ensuring ongoing collaboration between Moffett.ai and its clients.In January 2022, Moffett AI raised USD 10.00 mn in an Angel funding round to support the production of its first chip and to continue developing its innovative data and weight stripping or 'sparsification' approach to neural network computation. The company is focusing on expanding its offerings by designing new products aimed at enhancing its AI solutions. Additionally, Moffett AI plans to target new markets for expansion, specifically within North America and Europe, to capitalize on the increasing demand for AI technologies.

## Funding rounds

- Series A, Jan 17, 2022 — Co-Power Venture Capital, CoStone Capital, Grand China Capital, Greater Bay Area Homeland Investments Limited
- Angel, Mar 6, 2020, $10M — Keytone Ventures, Cloud Angel Fund, Creation Venture Partners

## Investors

- Keytone Ventures (https://capitalatlas.ai/funds/keytone-ventures) — Angel
- Cloud Angel Fund (https://capitalatlas.ai/funds/cloud-angel-fund) — Angel
- Creation Venture Partners (https://capitalatlas.ai/funds/creation-venture-partners) — Angel
- Co-Power Venture Capital (https://capitalatlas.ai/funds/co-power-venture-capital) — Series A
- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series A
- Grand China Capital (https://capitalatlas.ai/funds/grand-china-capital) — Series A
- Greater Bay Area Homeland Investments Limited (https://capitalatlas.ai/funds/greater-bay-area-homeland-investments-limited) — Series A