Goodwin reposted this
Congrats to our client Vectara on their $25 million Series A financing round, led by FPV Ventures and Race Capital and bringing Vectara's total funding to $53.5 million! Goodwin is excited to support the Vectara team as they continue their pioneering work in retrieval-augmented generation (RAG). We can't wait to see what you achieve next! Craig Schmitz Omar Hashim Shiyi Fan Lauren Simon Christian Donath
Vectara has secured $25 million in Series A funding, bringing our total funding to $53.5 million! This incredible milestone was made possible thanks to the support of our lead investors FPV Ventures and Race Capital, along with Alumni Ventures, WVV Capital, GTM Capital, Samsung Next, Fusion Fund, Green Sands Equity, and Jason Mack. We'd also like to thank our returning investors: Top Harvest Capital, Green Sands Equity, GTM Capital, Feld Ventures, TRANSFORM VC, BECO Capital, and Fusion Fund. As well as our past investors: Vertex Ventures, Databricks, SparkLabs Global Ventures, Essence Venture Capital, NKM Capital, and RAED Ventures. With this funding, we're launching Mockingbird, a groundbreaking large language model (#LLM) designed specifically for Retrieval-Augmented Generation (#RAG) applications. Mockingbird delivers unparalleled accuracy and performance, making it ideal for regulated sectors like healthcare, law, and banking. We're also excited to welcome Pegah Ebrahimi, co-founder and managing partner of FPV Ventures, to our board of directors. Her expertise will be invaluable as we expand our go-to-market strategy and continue to innovate in the AI space. Join us on this journey as we revolutionize the way #AI serves regulated industries! 🌟 Read more about our exciting news in VentureBeat by Sean M. Kerner https://lnkd.in/g3a_piH5