Reliant AI launches with seed funding of 11.3 million dollars
Marc Nemitz
| 20.08.2024
Startup launches Reliant Tabular, an AI workbench designed to radically accelerate data processing in the biopharma industry
Montreal / Berlin, August 20, 2024 - Reliant AI, a provider of AI-powered data analytics software, emerges from stealth mode and announces an $11.3 million seed funding round. The round was led by Tola Capital and Inovia Capital, with participation from angel investor Mike Volpi.
The biopharma sector has a tremendous need for more efficient data processing solutions, and Reliant AI is ideally positioned to fill that gap
Aaron Fleishman, Partner Tola Capital
Technology solutions for data-intensive industries
Reliant AI has developed an AI system specifically optimized for the biopharma industry. The first product, Reliant Tabular, is an AI workbench that helps life science analysts systematically collect and analyze scientific evidence and data. The platform combines proprietary machine learning models with a user-friendly interface to radically accelerate data-intensive work processes.
Experienced founding team and great market opportunities
The company was founded by Karl Moritz Hermann, Marc Bellemare and Richard Schlegel, who previously worked at DeepMind, Google Brain and EY Parthenon.
Our goal is to fundamentally optimize data processing in the biopharma industry and enable researchers to focus on solving complex problems
Karl Moritz Hermann, CEO Reliant AI
The funding will be invested in developing the technology and expanding the team to drive expansion in Europe and North America.
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