About Purposely.ai
Purposely.ai is a company based in Brooklyn (United States) founded in 2022 by Alex Kennedy and Collin Scangarella. It operates as a AI-as-a-Service, and Subscription Services. Purposely.ai has raised $20 thousand across 1 funding round from investors including Techstars. Purposely.ai offers products and services including Automated Ad Insights and Creative Generation. Purposely.ai operates in a competitive market with competitors including Adwerx, Celtra, Omneky, Cuttable and Intellemo, among others.
- Headquarter Brooklyn, United States
- Founders Alex Kennedy, Collin Scangarella
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Sectors
Media & Entertainment
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Phone
*********
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Website
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Social
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- Legal Name Purposely, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
Jun 01, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of Purposely.ai
Purposely.ai offers a comprehensive portfolio of products and services, including Automated Ad Insights and Creative Generation. 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.
Automated insights for ad performance are provided using AI.
New ad creatives are generated automatically with AI technology.
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Funding Insights of Purposely.ai
Purposely.ai has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in June 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $20,000
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First Round
First Round
(01 Jun 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Seed - Purposely.ai | Valuation | Techstars |
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| 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 |
Investors in Purposely.ai
Purposely.ai has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars. 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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Startups are accelerated globally without sector restrictions through structured programs.
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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 Purposely.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 - Purposely.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 |
Purposely.Ai Comparisons
Competitors of Purposely.ai
Purposely.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 Adwerx, Celtra, Omneky, Cuttable and Intellemo, 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 |
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| domain | founded_year | HQ Location |
Ad creative automation and customer relationship advertising platform
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Creative content automation solutions are provided for digital advertising.
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| domain | founded_year | HQ Location |
AI-driven website personalization and ad generation are utilized.
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| domain | founded_year | HQ Location |
Ad creation tools are provided through automation and expert insights.
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Provider of generative AI digital marketing campaigns
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Web-based platform for ad and marketing creatives is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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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 Purposely.ai
When was Purposely.ai founded?
Purposely.ai was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Purposely.ai located?
Purposely.ai is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Purposely.ai?
Alex Kennedy is the current CEO of Purposely.ai. They have also founded this company.
Is Purposely.ai a funded company?
Purposely.ai is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on Jun 01, 2023.
What does Purposely.ai do?
Automated insights for advertising creatives are delivered by Purposely.ai. The company focuses on the marketing technology sector, leveraging artificial intelligence to analyze ad performance. Solutions include identifying high-performing creative components, generating new ads using generative AI, and streamlining workflows for approvals and deployment across platforms. Services are designed to save time and improve performance for paid social campaigns.
Who are the top competitors of Purposely.ai?
What products or services does Purposely.ai offer?
Purposely.ai offers Automated Ad Insights and Creative Generation.
Who are Purposely.ai's investors?
Purposely.ai has 1 investor. Key investors include Techstars.