New Sapience Incorporated
Latest round
- Seed
Last raised
- Jan 2016
Total raised
- $1M
Investors
- 1
About New Sapience Incorporated
New Sapience Incorporated, founded in 2015, is located in Baltimore, US. The company focuses on advancing Synthetic Intelligence (SI) technology, distinct from traditional AI. Its founder, Bryant Cruse, has a history of entrepreneurial endeavors.New Sapience's core offering is its innovative Synthetic Intelligence (SI) technology, designed to create machines that possess an inner model of the world, enabling them to reason and learn similarly to humans. This technology is fundamentally different from traditional AI systems, such as chatbots, which rely on large datasets and statistical learning methods. Instead, SI allows for the curation and direct injection of structured human knowledge into machines, facilitating a deeper understanding of information and providing true machine intelligence. The primary use cases for this technology span multiple industries, including education, aerospace, healthcare, defense, logistics, and business, enhancing operational efficiency and decision-making capabilities.New Sapience's revenue model is built on providing B2B solutions through direct partnerships with enterprises seeking to implement SI technology into their operations. Clients benefit from scalable solutions that do not require extensive training data or cloud infrastructure, thus reducing operational costs significantly. Transactions typically involve structured agreements for the deployment of SI systems, potentially encompassing long-term contracts for software licensing or integration services. While specific pricing details are proprietary, the company’s offerings emphasize cost-effectiveness, as SI systems are reportedly less expensive to operate than traditional AI solutions. The company aims to develop additional SI applications tailored for emerging sectors and anticipates launching these innovations by mid-2024. Furthermore, New Sapience is focusing on increasing its presence in European and Asian markets, strategically targeting regions with growing demand for advanced AI solutions.
Who invested in New Sapience Incorporated
1 investor across 1 round
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Funding rounds
Seed
Jan 19, 2016
Amount
$1M
Investors
Questions about New Sapience Incorporated
Who invested in New Sapience Incorporated?
New Sapience Incorporated has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has New Sapience Incorporated raised?
New Sapience Incorporated has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did New Sapience Incorporated last raise money?
New Sapience Incorporated's most recent round on record is a Seed, in Jan 2016.
What does New Sapience Incorporated do?
New Sapience Incorporated, founded in 2015, is located in Baltimore, US.
Where is New Sapience Incorporated headquartered?
New Sapience Incorporated is headquartered in Baltimore, US.
Which VCs invest in companies like New Sapience Incorporated?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at New Sapience Incorporated's stage. Their profiles are linked below.
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