# X-37

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/x-37

- Industry: Pharmaceuticals
- Headquarters: South San Francisco, US
- Website: www.x37.ai
- Total disclosed funding: $15M
- Latest round: Series A (Nov 14, 2019)
- Investors on record: 3

## About

X-37, LLC is an innovative technology company specializing in advanced artificial intelligence solutions that enhance data processing and decision-making across various sectors.X-37, LLC focuses on delivering artificial intelligence solutions tailored for optimizing data processing. The company is headquartered in South San Francisco, US. The CEO, David Collier, leads the company, which raised USD 14.5 mn in Series A funding on November 14, 2019, with Data Collective as the lead investor, alongside Alpha Intelligence Capital and Hemi Ventures.X-37.ai specializes in advanced artificial intelligence solutions designed to optimize data processing and enhance decision-making across various sectors. The company offers a suite of products that incorporate machine learning algorithms to automate complex tasks, enabling businesses to streamline operations and improve efficiency. These solutions address critical pain points such as data integration, predictive analytics, and real-time insights, empowering end-users to make informed decisions based on comprehensive data analysis. Their primary clientele includes enterprises in finance, healthcare, and logistics, with significant adoption documented in North America and Europe, where companies are increasingly leveraging AI technologies to maintain a competitive edge. X37.ai's flagship offerings have been in the market since 2021, signifying a commitment to innovation and responsiveness to evolving industry needs.X-37.ai generates revenue primarily through subscription-based pricing models, allowing clients to access its software solutions on a recurring basis. Transactions typically involve annual or monthly subscriptions that provide users with ongoing access to the company's platforms, along with regular updates and support services. Partnerships with technology integrators further enhance the distribution of X-37.ai's products, facilitating broader market penetration. The pricing structure for their services varies based on the scale and complexity of usage, catering to both small businesses and large enterprises, thus ensuring flexibility in client engagement. Specific flagship services contribute significantly to revenue streams, reflecting the company's strategic positioning in the AI landscape.X-37.ai plans to leverage the recent USD 14.5 mn raised in Series A funding to support the development of new AI products aimed at addressing emerging market needs. The company is looking to expand its reach into new geographic regions, specifically targeting markets in Asia and South America by 2022. This strategic expansion is intended to tap into the growing demand for AI solutions in these regions, and the funding will be utilized to enhance product development and marketing efforts.

## Funding rounds

- Series A, Nov 14, 2019, $15M — DCVC, Hemi Ventures, Alpha Intelligence Capital

## Investors

- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- Hemi Ventures (https://capitalatlas.ai/funds/hemi-ventures) — Series A
- Alpha Intelligence Capital (https://capitalatlas.ai/funds/alpha-intelligence-capital) — Series A