About Initium AI
Initium AI is a company based in Ann Arbor (United States) founded in 2018 by Carmen Banea and Rada Mihalcea. It operates as a SaaS (Software-as-a-Service), and Freemium. Initium AI offers products and services including Grant Copilot. Initium AI operates in a competitive market with competitors including Mozn, Stockmark, deepset, Yida Technology and Fronteo, among others.
- Headquarter Ann Arbor, United States
- Founders Carmen Banea, Rada Mihalcea
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Initium Ai Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$255.21 K (USD), Grant
Aug 01, 2020
- Investors
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Employee Count
Employee Count
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Products & Services of Initium AI
Initium AI offers a comprehensive portfolio of products and services, including Grant Copilot. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool supporting grant-writing with research assistance.
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Funding Insights of Initium AI
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $255,207
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First Round
First Round
(01 Nov 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2020 | Amount | Grant - Initium AI | Valuation |
investors |
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| Nov, 2019 | Amount | Grant - Initium AI | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Initium AI
Initium AI has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include National Science Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Initium AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Initium AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Initium Ai Comparisons
Competitors of Initium AI
Initium 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 Mozn, Stockmark, deepset, Yida Technology and Fronteo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Artificial Intelligence solutions to empower enterprises in making critical decisions
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| domain | founded_year | HQ Location |
NLP-based data analysis solutions are offered for global business news.
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| domain | founded_year | HQ Location |
Provider of language models for text analytics
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| domain | founded_year | HQ Location |
Cloud-based multi functional robotic process automation solutions
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| domain | founded_year | HQ Location |
E-discovery and international litigation support services are offered.
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| domain | founded_year | HQ Location |
AI-powered platform to create videos, 3D models, images, and art using natural language prompts
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Initium AI
When was Initium AI founded?
Initium AI was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Initium AI located?
Initium AI is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Who is the current CEO of Initium AI?
Rada Mihalcea is the current CEO of Initium AI. They have also founded this company.
What does Initium AI do?
Initium AI is engaged in providing AI-based solutions to streamline the grant-writing process for researchers. Services are offered to assist with identifying funding opportunities, organizing applications, and providing feedback. The technology sector is primarily targeted, with a focus on academic and research institutions. Holistic support is provided through features like nightly syncs, brainstorming tools, and agency guideline assistance.
Who are the top competitors of Initium AI?
What products or services does Initium AI offer?
Initium AI offers Grant Copilot.
Who are Initium AI's investors?
Initium AI has 1 investor. Key investors include National Science Foundation.