Somerset, New Jersey-based AI platform for enterprises WhizAI has raised $4 million in series seed round funding from Healthy Ventures.
A new round of funding, led by Healthy Ventures, also saw the participation of Bling Capital, Firebolt Ventures, including its existing investors.
According to the reports, “The company will use the seed capital to grow its industry footprint by expanding its team across the globe and investing in sales and marketing.”
“As part of the financing, Anya Schiess will join WhizAI’s Board of Directors,” it added.
Founded in 2017, by Rohit Vashisht, Amitabh Patil, and Aron Carlock. WhizAI is a purpose-built cognitive insights platform for life sciences, empowering users to get answers to their business questions by simply asking via voice, text on the web, and mobile.
WhizAI is trained on the language and data of life sciences, enabling it to answer even the most complex questions from billions of records in seconds. It is used by top global life sciences companies.
Speaking on the fundraise, Rohit Vashisht, co-founder & CEO of WhizAI said, “Our cognitive insights platform is fundamentally changing the way life sciences users analyze data and consume business insights. The days of data silos, piecemeal analytics, dashboard deluges, and extensive software training are over. This funding enables us to expedite our sales footprint and execute on our product vision.”
Commenting on the investing in WhizAI, Anya Schiess, Founder & General Partner of Healthy Ventures said, “The life sciences industry is increasingly running on data, yet major companies keep telling us they can’t make use of it all. We were delighted to find that Rohit and Amitabh, two seasoned entrepreneurs with decades of experience in business intelligence, built a product to solve this problem exactly.”
“WhizAI’s platform is deeply powerful, yet magically easy to use. It is already transforming and deepening the relationship between business users and data insights,” Anya added.