Contextual AI Secures $80M to Enhance AI Model Performance

San Francisco-based startup Contextual AI has raised $80 million in Series A funding to scale its innovative AI platform, aiming to improve the accuracy and reliability of AI models.

• Founders and Background: The startup was founded by former Hugging Face and Meta researchers Douwe Kiela and Amanpreet Singh.

• Core Technology: Contextual AI’s RAG 2.0 technique enhances generative AI models by fetching external facts, significantly boosting their performance.

• Diverse Use Cases: The platform supports various applications, including technical customer support, investment research, and information discovery.

• Series A Funding: The funding round was spearheaded by Greycroft, with contributions from new investors Bezos Expeditions, NVentures, HSBC Ventures, and Snowflake Ventures, as well as existing investors Bain Capital Ventures, Lightspeed Ventures, and Recall Capital, among others.

• Notable Customers: Major enterprises like Qualcomm and HSBC have adopted Contextual AI’s technology to improve team support and product development.

With robust technology and substantial investment, Contextual AI is well-positioned to meet the surging demand for reliable AI solutions in enterprises worldwide.