# x.ai

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

- Industry: Software
- Headquarters: New York, US
- Website: www.evcrp.com
- Total disclosed funding: $44M
- Latest round: Series B (Aug 14, 2017)
- Investors on record: 12

## About

Based in the US, x.ai, inc offers advanced artificial intelligence solutions that enhance business scheduling and operational efficiency, utilizing cutting-edge data analytics and machine learning tools to optimize decision-making processes for organizations.Founded in 2014 in New York, US, x.ai, inc specializes in AI-driven scheduling solutions. The company experienced a significant change in ownership when it was acquired by Bizzabo Inc. on June 3, 2021. The founders of the company include Christian Szegedy, Dennis Mortensen, and Yuhuai Wu, with Dennis Mortensen currently serving as CEO. The firm has engaged in five deals to date and successfully raised a total of USD 10.00 mn through its latest funding round, Series B, led by Pegasus Tech Ventures, among others.The company provides innovative solutions that focus on enhancing operational efficiency and decision-making for various sectors. Its core offerings revolve around advanced data analytics and machine learning tools that facilitate predictive modeling and deliver real-time data insights, aimed at optimizing business strategies, reducing costs, and improving customer engagement. x.ai's primary clients include medium to large organizations in North America and Europe, particularly within finance, retail, and manufacturing sectors. Their services are designed to transform extensive datasets into actionable insights, progressively released to maintain competitive edge.x.ai, inc operates under a subscription-based revenue model, engaging clients through annual or multi-year service agreements that provide full access to its suite of data analytics tools and ongoing support. These agreements typically feature tiered pricing plans based on the complexity and scale of the required data solutions, with flagship products central to driving client acquisition and retention. Revenue is primarily generated from these subscriptions, complemented by tailored consulting services that foster long-term client relationships.Following its acquisition by Bizzabo Inc., x.ai, inc plans to enhance its product lineup by launching AI-powered scheduling tools aimed at improving personalized event experiences. The company is strategically targeting expansion into new markets, focusing on extending its presence within additional sectors and geographic areas. The recent funding will support these initiatives, particularly in accelerating product development and market penetration to ensure the successful adoption of its advanced solutions.

## Funding rounds

- Series B, Aug 14, 2017, $10M — DCM, Pritzker Group Venture Capital, Silicon Valley Bank, Pegasus Tech Ventures
- Series B, Apr 7, 2016, $23M — DCM, Pritzker Group Venture Capital, Softbank Capital, Two Sigma Investments, FirstMark Capital, IA Ventures, Lerer Hippeau Ventures, Tuesday Capital, Work-Bench
- Series A, Jan 2, 2015, $9.1M — Pritzker Group Venture Capital, Softbank Capital, FirstMark Capital, IA Ventures, Tuesday Capital
- Seed, May 21, 2014, $2.1M — IA Ventures, Lerer Hippeau Ventures, SoftBank Group

## Investors

- IA Ventures (https://capitalatlas.ai/funds/ia-ventures) — Seed, Series A, Series B
- Lerer Hippeau Ventures — Seed, Series B
- SoftBank Group — Seed
- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Series A, Series B
- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Series A, Series B
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A, Series B
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Series A, Series B
- DCM (https://capitalatlas.ai/funds/dcm) — Series B
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Series B
- Work-Bench — Series B
- Silicon Valley Bank — Series B
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series B