# TrueMeeting

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

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.commonground-ai.com
- Total disclosed funding: $25M
- Latest round: Series A (Nov 30, 2022)
- Investors on record: 3

## About

Common.Ground, based in Israel, specializes in artificial intelligence solutions that enhance collaboration and productivity within organizations through innovative platforms.Founded in 2019 in Tel Aviv-Yafo, Israel, Common.Ground focuses on developing AI technologies that enhance organizational collaboration. The company has secured a total of USD 25.00 mn in funding, all raised during the Series A round on November 30, 2022. The funding was led by Grove Ventures, Matrix Partners, and StageOne Ventures. Mark Mueller, the founder, has a background in technology entrepreneurship.CommonGround-AI specializes in advanced artificial intelligence solutions designed to enhance collaboration and productivity within organizations. Their core offerings include AI-driven platforms that facilitate data analysis, project management, and communication efficiency among teams. These tools aim to solve prevalent challenges such as information silos, inefficient workflows, and miscommunication, enabling businesses to make informed decisions and streamline operations. The company serves a diverse client base, including enterprises in sectors such as technology, finance, and healthcare, across key geographical markets including North America, Europe, and Asia-Pacific.CommonGround-AI generates revenue through a subscription-based model, offering tiered pricing plans that cater to various business sizes and needs. Clients typically engage in annual contracts that provide access to the full suite of AI tools, along with ongoing support and updates. The structure of these transactions often involves direct dealings with businesses, allowing for customized solutions that align with client objectives. Flagship products include their data analytics platform and collaboration tools, both integral to the company's offerings. This revenue model fosters long-term relationships with clients and ensures recurring income as businesses continue to rely on their AI solutions for operational enhancements.In November 2022, CommonGround raised USD 25 million in venture funding, which will be used to accelerate product development and expand the team. The company is focused on launching new AI tools aimed at enhancing efficiency by Q4 2023 and plans to expand into the Asia-Pacific markets by mid-2024.

## Funding rounds

- Series A, Nov 30, 2022, $25M — Matrix Partners, StageOne Ventures, Grove

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A
- StageOne Ventures (https://capitalatlas.ai/funds/stageone-ventures) — Series A
- Grove (https://capitalatlas.ai/funds/grove) — Series A