# PROMENADE AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/promenade-ai-2

- Industry: Software
- Headquarters: Daegu, South Korea
- Website: www.promenade-ai.com/
- Latest round: Seed (Jul 24, 2024)
- Investors on record: 1

## About

Operating from Daegu, South Korea, PROMENADE AI specializes in AI-driven research and due diligence automation, providing essential insights for financial services professionals, enhancing decision-making through rapid data aggregation and analysis.Promenade AI, founded in 2022 by Sylvia Woo, is focused on automating research and due diligence processes for financial services. The company is headquartered in Daegu, South Korea and has completed one deal, with its most recent transaction occurring on July 24, 2024.Promenade AI specializes in an AI-driven research and due diligence automation tool tailored for financial services professionals such as private equity firms, venture capitalists, family offices, and investment banking teams. The core offering encompasses a comprehensive platform that aggregates data from proprietary databases and over 20 integrated third-party sources, providing users with instant access to fact-checked insights, competitive intelligence, and market trends. By leveraging advanced algorithms, Promenade AI streamlines the research process, allowing financial professionals to access vital information such as company financials, funding history, market positioning, and regulatory insights rapidly. This platform is designed to enhance decision-making capabilities for its users, significantly reducing research time from weeks to hours. Promenade AI serves clients primarily in North America and Europe, effectively addressing the needs of investment professionals looking for efficient market analysis and risk assessment.Promenade AI operates on a subscription-based revenue model, offering access to its platform through various pricing plans designed for different tiers of usage. Clients typically engage in annual or monthly subscriptions, which provide them with comprehensive access to the platform’s features and capabilities. Transactions are structured around the delivery of high-quality research assets and insights, with customers benefiting from automated due diligence processes, competitive intelligence tracking, and AI-powered analytics. These services are particularly appealing to private equity and venture capital firms that require rigorous evaluation of investment opportunities. Although specific pricing details for individual services or features are not disclosed, the value proposition centers around significant time savings and enhanced decision-making efficacy for users, aligning with the needs of a varied client base in the financial sector.In July 2024, PROMENADE AI raised an undisclosed amount of Seed funding from new investor 500 Global. The company plans to utilize this funding to develop new products that enhance its existing platform capabilities, with targeted releases expected within the next year. Additionally, Promenade AI aims to expand its presence in new markets, particularly in Asia and Latin America, by mid-2025, ensuring that its innovative solutions are accessible to a broader audience of financial professionals.

## Funding rounds

- Seed, Jul 24, 2024 — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed