About Reliant AI
Reliant AI is a company based in Montreal (Canada) founded in 2023 by Richard Schlegel and Karl Moritz Hermann.. Reliant AI has raised $11.3 million across 1 funding round from investors including Tola Capital, Inovia Capital and Mike Volpi. Reliant AI offers products and services including Reliant Tabular. Reliant AI operates in a competitive market with competitors including Komodo Health, Clarify, Elucidata, Panalgo and IDBS, among others.
- Headquarter Montreal, Canada
- Founders Richard Schlegel, Karl Moritz Hermann
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Sectors
Healthcare
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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 Reliant Ai 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
$11.3 M (USD)
in 1 rounds
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Latest Funding Round
$11.3 M (USD), Seed
Aug 20, 2024
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Investors
Tola Capital
& 2 more
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Employee Count
Employee Count
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Products & Services of Reliant AI
Reliant AI offers a comprehensive portfolio of products and services, including Reliant Tabular. 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.
Tool for data manipulation and verification in life sciences research
Funding Insights of Reliant AI
Reliant AI has successfully raised a total of $11.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $11.3 million completed in August 2024. 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 — $11.3M
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First Round
First Round
(20 Aug 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Seed - Reliant AI | Valuation | Tola Capital , Inovia Capital |
| 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 Reliant AI
Reliant AI has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Tola Capital, Inovia Capital and Mike Volpi. 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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Early & Growth stage Tech-focused venture capital firm funding companies in the US, Canada & Europe
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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MV
Mike Volpi |
Partner at Index Ventures, active angel investor, ex-Cisco executive
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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 Reliant 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 - Reliant AI
| 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 |
Reliant Ai Comparisons
Competitors of Reliant AI
Reliant 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 Komodo Health, Clarify, Elucidata, Panalgo and IDBS, 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 |
Data-driven insights are delivered to healthcare via AI platforms.
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| domain | founded_year | HQ Location |
Marketing and business consulting services are provided by Clarify.
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| domain | founded_year | HQ Location |
Elucidata is focused on AI-powered biomedical data solutions for drug discovery and precision medicine.
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| domain | founded_year | HQ Location |
Provider of healthcare analytics software for clinics
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| domain | founded_year | HQ Location |
Data management is provided for research teams' screening experiments.
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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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Latest news on Reliant Ai
Frequently Asked Questions about Reliant AI
When was Reliant AI founded?
Reliant AI was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Reliant AI located?
Reliant AI is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Reliant AI?
Karl Moritz Hermann is the current CEO of Reliant AI. They have also founded this company.
Is Reliant AI a funded company?
Reliant AI is a funded company, having raised a total of $11.3M across 1 funding round to date. The company's 1st funding round was a Seed of $11.3M, raised on Aug 20, 2024.
What does Reliant AI do?
Reliant AI was founded in 2023 in Montreal, Canada, as a provider of generative AI-driven data analytics software focused on biopharma. The sector involves secondary research acceleration through its flagship product, Reliant Tabular, by which scientific evidence is identified for decision-making and data processing time is reduced. Public and private databases are searched, drugs and trials are segmented, and findings are supported via linked answers.
Who are the top competitors of Reliant AI?
Reliant AI's top competitors include Komodo Health, Elucidata and Panalgo.
What products or services does Reliant AI offer?
Reliant AI offers Reliant Tabular.
Who are Reliant AI's investors?
Reliant AI has 3 investors. Key investors include Tola Capital, Inovia Capital, and Mike Volpi.