About Essential AI
Essential AI is a company based in San Francisco (United States) founded in 2023 by Ashish Vaswani. Essential AI has raised $64.5 million across 2 funding rounds from investors including Google, Nvidia and Franklin Templeton. Essential AI operates in a competitive market with competitors including Appen, LangChain, Together AI, InstaDeep and Imbue, among others.
- Headquarter San Francisco, United States
- Founders Ashish Vaswani
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Sectors
Technology
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Phone
Locked
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Website
Locked
- Legal Name Essential Ai Labs, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$64.5 M (USD)
in 2 rounds
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Latest Funding Round
$56.5 M (USD), Series A
Sep 13, 2023
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Investors
Google
& 6 more
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Employee Count
Not available
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Funding Insights of Essential AI
Essential AI has successfully raised a total of $64.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $56.5 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Essential AI
Essential AI has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Google, Nvidia and Franklin Templeton.
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Venture capital fund investing in early-stage tech startups
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Early-stage technology startups are invested in by Thrive Capital.
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Invests in commercial real estate through acquisition, development, and management services.
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Investor details for Essential AI
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Investments & Acquisitions by Essential AI
Investment portfolio details for Essential AI
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Financial Statements - Essential AI
Detailed financials for Essential AI
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Essential Ai Comparisons
Peer comparison for Essential AI
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Competitors of Essential AI
Essential AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Appen, LangChain, Together AI, InstaDeep and Imbue, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Human-annotated datasets for AI training are provided.
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Developer of tools for building, testing, and deploying AI agent applications
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AI research and model development services
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AI and cloud-based automation solutions are provided for organizational optimization.
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Imbue is focused on building AI-driven coding environments.
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Generative AI agents for knowledge work
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Detailed competitors of Essential AI
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Latest news on Essential Ai
Complete news archive for Essential AI
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Frequently Asked Questions about Essential AI
Essential AI was founded in 2023.
Essential AI is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Ashish Vaswani is the current CEO of Essential AI. They have also founded this company.
Essential AI is a funded company, having raised a total of $64.5M across 2 funding rounds to date.
Developer of language model-based software for enterprises. Its software leverages technology to create machine learning and artificial intelligence solutions. It builds software that utilizes large language models as the core of an AI system.
Essential AI's top competitors include Bria, LangChain and Together AI.
Essential AI has 7 investors. Key investors include Google, Nvidia, Franklin Templeton, KB Investment, and Marc Capital.