Clinc the cutting-edge artificial intelligence startup that built Finie the world’s most advanced voice-controlled A I platform for banking today announced it has closed a $6 3 million Series A round of financing
Drive Capital led the round and was joined by Hyde Park Venture Partners Cahoots Holdings and prominent investor Stuart Porter The financing which brings the company’s total investment to date to $7 75 million builds on a huge first year of growth including numerous deals with financial institutions and several speaking roles including CES and Finovate New York where Clinc won Best-of-Show ‘ This Series A financing follows just six months after announcing the closing a $1 2 million seed round
We’ve had overwhelming interest in Finie from financial institutions covering a wide variety of financial functions said Jason Mars Clinc CEO and professor at University of Michigan The opportunities are truly endless With this additional capital our A I will become even more capable We’re going to eliminate the complexity and barriers that consumers typically face when understanding their finances and we’re going to help more consumers connect with their financial data in personalized impactful ways with minimal effort ‘
The funding will be used to invest in continued product innovation to further accelerate the company’s rapid revenue growth and to expand the Clinc team as they execute on their aggressive roadmap and vision to maximize the societal benefits of A I Drive Capital’s Mark Kvamme will join the board of directors Clinc’s team is now at 21 members and growing
Utilizing the world’s most sophisticated natural language processing engine and the most advanced scientific discoveries in A I research Finie emulates human intelligence and is able to understand unstructured unconstrained speech and can interpret not only semantics and intent but the underlying meaning of user queries Finie allows users to converse with their bank account using their own natural language with no special keywords rule-based commands or templated questions to learn The personal assistant answers financial questions unique to each individual user offers personalized spending advice and is able to fulfill any banking task
About Clinc
Clinc is on a mission to lead the transformative shift from state-of-the-art A I research to societal application Headquartered in Ann Arbor Michigan Clinc was founded in 2015 by world-class A I and systems research professors at University of Michigan Jason Mars and Lingjia Tang The company’s open-source intelligent assistant and machine learning research platform is already used all over the world for both research and production systems The company participates in ongoing collaborative research with Intel and the National Science Foundation on deep learning for encyclopedic vision recognition and with IBM Watson on future conversational systems Learn more at clinc com
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