# Percipient.ai

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

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.percipient.ai
- Total disclosed funding: $32M
- Latest round: Series B (Sep 12, 2019)
- Investors on record: 3

## About

Percipient.ai Inc. specializes in advanced artificial intelligence solutions for national security, focusing on data processing and analysis to enhance operational effectiveness in complex mission environments.Percipient.ai, founded in 2016 in Santa Clara, US, develops the Mirage® Intelligence Analysis Platform, which enhances data analysis for national security. The company has raised a total of USD 50.00 mn in funding, with the latest Series C round completed on April 9, 2021, valuing it at USD 270.44 mn. The founders include Anantha Bangalore, Chad Main, and Raj Shah, while Balan Ayyar serves as CEO.Percipient.ai's primary offering is the Mirage® Intelligence Analysis Platform, a sophisticated solution designed to enhance data processing and analysis for national security missions. Released in 2017, Mirage integrates advanced artificial intelligence with intuitive workflows, enabling users to efficiently exploit unstructured multimedia and intelligence data in real time. The platform serves a diverse clientele, including government agencies and defense contractors, providing critical insights that support decision-making in complex environments. By focusing on the rapid identification of patterns and relationships within ground, air, and space-based data, Mirage enhances operational effectiveness across various national security missions. Percipient.ai operates primarily within the United States, providing services tailored to the specific needs of the Department of Defense and other federal agencies.Percipient.ai generates revenue through a subscription-based model for its Mirage® Intelligence Analysis Platform, which is tailored for government and military clients. Clients typically engage with the company through contracts that may cover ongoing support, software updates, and training services, ensuring they can maximize the platform’s capabilities. The structure of these transactions is designed to facilitate long-term partnerships with government entities, emphasizing scalability and adaptability to meet evolving mission requirements. Specific pricing plans and detailed terms of service are structured to align with the unique needs of defense operations, reflecting the platform's significance in enhancing national security.Percipient.ai plans to utilize the USD 50 mn raised in the Series C funding to further develop its Mirage® Intelligence Analysis Platform and explore potential new markets. The company aims to expand its offerings by designing additional features and capabilities, with anticipated product releases slated for 2022. Targeted geographic expansions include key regions within Europe and Asia by 2023, enhancing their footprint in the international defense sector.

## Funding rounds

- Series B, Sep 12, 2019, $20M — Valor Equity Partners, Venrock, Lupa Systems
- Series A, Feb 16, 2018, $12M — Venrock

## Investors

- Venrock (https://capitalatlas.ai/funds/venrock) — Series A, Series B
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B
- Lupa Systems (https://capitalatlas.ai/funds/lupa-systems) — Series B