The funding round was led by Smith Point Capital, with participation from Citigroup and advisory clients of The Hillman Company. The new funding brings Virtualitics' total raised to $67.6 million. The company plans to use the additional funding and strategic guidance to empower organizations to solve complex, mission-critical problems with AI, data exploration, and prescriptive business workflows.
Key takeaways:
- AI data exploration startup Virtualitics has raised $37 million in new funding to invest in direct and ecosystem expansion and to enhance its AI platform.
- The company's main offering, "Intelligent Data Exploration," uses AI to discover hidden patterns in complex, multidimensional data, providing 3D visuals and immersive experiences for informed decision-making.
- Virtualitics has seen strong growth in the last 12 months in both its public sector and key commercial segments, with new customers across the U.S. Department of Defense, the financial service sector, and the consumer packaged goods market.
- With the new funding, the total amount raised by Virtualitics to date is $67.6 million. The Series C round was led by Smith Point Capital LLC, with participation from Citigroup Inc. and advisory clients of The Hillman Company.