California and London-based AI startup Quench.ai announced on Monday that it has secured $5m (€4,48m) in a pre-seed round of funding.
The company says it will use the funds to launch Quench.ai’s innovative learning coach platform, revolutionising the $1T learning and development industry.
Firstminute Capital, Tuesday VC (formerly CrunchFund), BY Venture Partners, Ada Ventures, Plug and Play Ventures, Notion Capital, IFG, Antler, Ventures Together, and Northzone, and angel investors participated in the round..
With the pre-seed funding round, Quench.ai can also bolster its current team of 16 employees. This move will be instrumental in advancing product and tech development, as well as enhancing customer sales and support efforts.