# Snark AI

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

- Industry: Software
- Headquarters: San Jose, US
- Website: www.snark.ai
- Total disclosed funding: $1.7M
- Latest round: Seed (Dec 29, 2018)
- Investors on record: 5

## About

Snark AI, Inc. specializes in artificial intelligence solutions, providing innovative database technology that significantly enhances data processing and model accuracy for a variety of industries.Founded in 2018, Snark AI, Inc. operates out of San Jose, US, focusing on AI-centric database solutions. The company was established by Davit Buniatyan, who has a history of entrepreneurial ventures. In December 2018, Snark AI raised USD 1.7 mn in Seed funding from investors including Baidu Ventures and Y Combinator. The total amount raised to date stands at USD 1.7 mn.Snark AI's primary product is the Deep Lake database, tailored for artificial intelligence applications. This serverless database minimizes data preparation time by up to 80% and enhances model accuracy by approximately 19.5%. Deep Lake allows rapid AI search across over 40 million documents, aiding sectors like biomedical, autonomous vehicles, and agriculture. The company serves a wide array of clients, from startups to Fortune 500 companies, across North America, Europe, and Asia, focusing on improved AI solutions.Snark AI generates revenue through subscription-based models for its Deep Lake database services. Clients subscribe to various service tiers, gaining access to advanced features such as generative AI capabilities. These B2B partnerships leverage Snark AI's technology to optimize AI applications, with pricing plans customized to meet the needs of different industries and clients.As of December 2018, Snark AI's recent funding will be allocated towards developing new features for the Deep Lake database and expanding its reach into new geographic markets, including Europe and Asia, by 2024. The company aims to enhance its product offerings continually to meet the growing demand for efficient data management solutions in the AI landscape.

## Funding rounds

- Seed, Dec 29, 2018, $1.7M — Y Combinator, Pegasus Tech Ventures, Baidu Ventures, SmartGateVC, Tribe Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Seed
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Seed
- SmartGateVC (https://capitalatlas.ai/funds/smartgatevc) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed