# Myst AI

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.myst.ai
- Total disclosed funding: $8M
- Latest round: Series A (Jul 17, 2020)
- Investors on record: 2

## About

Myst AI, Inc. is a US-based company that develops advanced artificial intelligence solutions to optimize business operations, focusing on innovative forecasting technologies and data analytics for improved decision-making.Founded in 2018 in San Francisco, US, Myst AI, Inc. specializes in providing AI-driven forecasting solutions. The company secured its latest funding round, Series A, on July 17, 2020, raising USD 6.00 mn, led by Valo Ventures with participation from Gradient Ventures. Pieter Verhoeven serves as both founder and CEO, having previously founded other ventures. The company has engaged in two funding deals to date, with a current valuation of USD 21.738 mn.Myst AI, Inc. offers a forecasting as a service (FaaS) platform that enables organizations to leverage artificial intelligence for accurate predictions in various business contexts. Their solutions support sectors such as finance, retail, and supply chain management, allowing clients to utilize data-driven insights for operational efficiencies and strategic decision-making.Myst AI, Inc. generates revenue through subscription-based models, allowing clients access to its forecasting services. Customers typically engage in contracts that scale according to their data processing and storage needs, promoting a direct B2B relationship. This model aligns client costs with their consumption, facilitating flexible and efficient resource utilization.Following its Series A funding of USD 6.00 mn secured in July 2020, Myst AI, Inc. plans to enhance its forecasting as a service (FaaS) offerings and to expand its customer base. The company aims to penetrate new markets, focusing on geographic regions that promise growth opportunities. CEO Pieter Verhoeven will continue to lead these initiatives, driving the company's strategy to leverage funding for innovation and client acquisition.

## Funding rounds

- Series A, Jul 17, 2020, $6M — Gradient Ventures, Valo Ventures
- Seed, Jan 1, 2018, $2M — Gradient Ventures

## Investors

- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed, Series A
- Valo Ventures (https://capitalatlas.ai/funds/valo-ventures) — Series A