About Spice AI
Spice AI is a company based in Bellevue (United States) founded in 2021 by Phillip LeBlanc.. Spice AI has raised $14.5 million across 2 funding rounds from investors including Protocol Labs, Asymmetric and Blackbird Ventures. Spice AI operates in a competitive market with competitors including Raiinmaker, 0G Labs, REVOX, CiferAI and Allora Network, among others.
- Headquarter Bellevue, United States
- Founders Phillip LeBlanc
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.5 M (USD)
in 2 rounds
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Latest Funding Round
$13.5 M (USD), Seed
Sep 07, 2022
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Investors
Protocol Labs
& 14 more
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Employee Count
Employee Count
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Funding Insights of Spice AI
Spice AI has successfully raised a total of $14.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $13.5 million completed in September 2022. 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 2
- Last Round Seed — $13.5M
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First Round
First Round
(14 Oct 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Seed - Spice AI | Valuation | Blackbird Ventures , Basis Set Ventures | |
| Oct, 2021 | Amount | Seed - Spice 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 Spice AI
Spice AI has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Protocol Labs, Asymmetric and Blackbird Ventures. 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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Investments are made in seed, early, and later-stage tech companies.
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Founded Year | Domain | Location | |
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Early-stage technology investments are managed by Basis Set Ventures.
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Founded Year | Domain | Location | |
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Investments are directed toward crypto and fintech startups by Asymmetric.
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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 Spice 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 - Spice 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 |
Spice Ai Comparisons
Competitors of Spice AI
Spice 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 Raiinmaker, 0G Labs, REVOX, CiferAI and Allora Network, 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 |
Decentralized AI platform enables user contributions to model development.
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| domain | founded_year | HQ Location |
An AI-based programmable layer for dApps development is provided.
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| domain | founded_year | HQ Location |
AI-based dApps and Web3 ecosystem tools are provided for developers.
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| domain | founded_year | HQ Location |
AI-based decentralized ecosystem for private and secure development is provided.
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| domain | founded_year | HQ Location |
AI-based decentralized network platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Spice AI
When was Spice AI founded?
Spice AI was founded in 2021.
Where is Spice AI located?
Spice AI is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Is Spice AI a funded company?
Spice AI is a funded company, having raised a total of $14.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Oct 14, 2021.
What does Spice AI do?
Spice AI was founded in 2021 and is based in Bellevue, United States. The platform operates in the web3 and blockchain sector, where data and AI infrastructure are provided to developers. Blockchain data can be accessed through a few lines of code in standard tools such as NumPy and pandas, supporting the development of applications that handle web3 data.
Who are the top competitors of Spice AI?
Spice AI's top competitors include 0G Labs, Raiinmaker and REVOX.
Who are Spice AI's investors?
Spice AI has 15 investors. Key investors include Protocol Labs, Asymmetric, Blackbird Ventures, Basis Set Ventures, and Alumni Ventures.