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Seekr raising $100mm funding round at a $1.2b valuation led by Danu Venture Group and AMD Ventures
Seekr raising $100mm at $1.2b valuation
Today, Seekr announced it has commenced a funding round led by Danu Venture Group and AMD Ventures. Seekr is an enterprise-focused generative AI company with patented technology that reduces hallucinations and bias in any AI application across all types of data on-cloud, on-premise, and at the edge.
Read the full release: HERE.
The company generated over $18 million in revenue for 2024 and expects to be cash flow break even in 2025. Seekr has over 30 customers, serving 100,000+ end users across Media & Entertainment, Telecom, Supply Chain verticals, and the US Department of Defense.
Guggenheim Securities is advising Seekr in connection with the financing round.
Media Contact:
pr@seekr.com
Forward looking statements
[All forward-looking statements speak only as of the date they are made and are based on information available at that time. Seekr assumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.]
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