DC-Based software company finds support to unlock enterprise-wide adoption of cognitive technology at a turbulent time for start-ups
WASHINGTON, June 16, 2020 /PRNewswire-PRWeb/ -- Sorcero is delighted to announce that we have successfully raised $3.5M from a consortium of international and domestic investors led by Leawood Venture Capital and WorldQuant Ventures, amongst others, as well as participation by existing investors. The funds will be used to support the creation of a language intelligence platform for insurance and life science companies.
The new investment round is already enabling Sorcero to expand in the language intelligence sector, both in the US and internationally. Building an innovative team is a key area of focus for Sorcero, which transforms how enterprises make critical decisions based on technical content ranging from medical science to building codes to insurance policies. With this round, Claiborne Deming joins the board along with Karl Gemperli of Leawood VC.
"This investment will enable us to move closer to our goal of transforming how technical experts work," said CEO Dipanwita Das. "We have already seen remarkable traction in life sciences and insurance and are excited about expanding our impact. We cannot be more grateful to have secured resources to make that happen in the midst of such tragic instability."
The funding will drive our capacity to serve more customers and expand the team. Today, we are excited to announce that Ben Kubic joins us as VP, Finance and Operations; Seetal Patel as Director, Product Management; Nnaemeka Osakwe as Director, Customer Success; and Jonathan Dodge as Lead Product Designer. Sorcero's newest team members further strengthen the company's proven product, customer experience, and finance teams and continue the acceleration of revenue-generating opportunities.
Keeping the focus on the purpose of the company has made this expansion of the team possible, said Das. "Sorcero's mission is to augment subject matter experts with the language intelligence tools they need to transform the way they work and make decisions. In choosing our customers, we focus on applications that will create a massive impact for those customers and their stakeholders. This investment will help us further our vision of a world where understanding underpins artificial intelligence applications."
About the Company:
Sorcero was founded in Washington, DC in 2018 by Dipanwita Das, Richard Graves, and Walter Bender. Sorcero's Language Intelligence Platform uses domain understanding to power mission critical decision-making across enterprises in life sciences and insurance.