Normal Computing Raises $8.5 Million in Seed Funding to Revolutionize Probabilistic AI for Core Enterprise Workflows
June 15, 2023
New York, NY - Normal Computing, a pioneering technology company in the field of Probabilistic AI, announced today that it has successfully raised $8.5 million in a seed funding round. The funding was led by Celesta Capital and First Spark Ventures, two prominent venture capital firms specializing in technology investments.
Normal Computing's breakthrough Probabilistic AI technology offers unparalleled control over the reliability, adaptivity, and auditability to AI models used in core enterprise workflows, all while ensuring the privacy and security of sensitive data. By leveraging private data, Normal Computing empowers businesses to harness the full potential of AI in their most critical operations.
The company was founded by a team of esteemed individuals who previously worked at renowned institutions such as the Google Brain Team, Palantir, and X. These founders were instrumental in unlocking AI for some of the largest-scale and most mission-critical production systems. Additionally, they have been at the forefront of developing industry-leading machine-learning frameworks for Probabilistic and Quantum AI.
With an impressive track record of enabling strategic advantages for Fortune 500 companies, Normal Computing has played a pivotal role in overcoming barriers to AI adoption in sectors including semiconductor manufacturing, supply chain management, banking, and government agencies. By addressing the central issue of risk associated with AI implementation, Normal Computing has helped organizations across various industries drive innovation and achieve substantial operational improvements.
"We are thrilled to have the support of Celesta Capital and First Spark Ventures in this funding round," said Faris Sbahi, Co-Founder of Normal Computing. "Their expertise and strategic guidance will be invaluable as we continue to expand our footprint and provide cutting-edge solutions to enterprises seeking to unlock the true potential of AI."