About Union.ai
Union.ai is a company based in Seattle (United States) founded in 2021 by Ketan Umare and Haytham Abuelfutuh.. Union.ai has raised $29.1 million across 2 funding rounds from investors including NEA and Nava Ventures. Union.ai offers products and services including Union.ai Platform and Flyte. Union.ai operates in a competitive market with competitors including Alluxio, Martian, Relevance AI, ZenML and Thread AI, among others.
- Headquarter Seattle, United States
- Founders Ketan Umare, Haytham Abuelfutuh
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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
$29.1 M (USD)
in 2 rounds
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Latest Funding Round
$19.1 M (USD), Series A
May 17, 2023
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Investors
NEA
& 1 more
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Employee Count
Employee Count
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Products & Services of Union.ai
Union.ai offers a comprehensive portfolio of products and services, including Union.ai Platform and Flyte. 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.
Platform for managing and scaling AI workflows efficiently.
Tool for reproducible AI workflows and resource optimization.
Unlock access to complete
Funding Insights of Union.ai
Union.ai has successfully raised a total of $29.1M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $19.1 million completed in May 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 2
- Last Round Series A — $19.1M
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First Round
First Round
(13 Apr 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - Union.ai | Valuation |
investors |
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| Apr, 2022 | Amount | Seed - Union.ai | Valuation | New Enterprise Associates |
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| 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 Union.ai
Union.ai has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include NEA and Nava 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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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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An early stage investment firm is operated by Nava Ventures.
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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 Union.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 - Union.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 |
Union.Ai Comparisons
Competitors of Union.ai
Union.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 Alluxio, Martian, Relevance AI, ZenML and Thread AI, 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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Cloud data orchestration is enabled for analytics and AI/ML workloads.
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| domain | founded_year | HQ Location |
Model routing and AI interpretability software tools are developed.
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| domain | founded_year | HQ Location |
AI-powered image data analytics platform
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| domain | founded_year | HQ Location |
Frameworks for data processing in ML operations are provided.
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| domain | founded_year | HQ Location |
AI-powered workflows management platform is provided for organizations.
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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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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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Latest news on Union.Ai
Frequently Asked Questions about Union.ai
When was Union.ai founded?
Union.ai was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Union.ai located?
Union.ai is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Union.ai?
Ketan Umare is the current CEO of Union.ai. They have also founded this company.
Is Union.ai a funded company?
Union.ai is a funded company, having raised a total of $29.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on Apr 13, 2022.
What does Union.ai do?
Union.ai was founded in 2021 in Seattle, United States, focusing on the artificial intelligence and machine learning sector. An orchestration platform is provided to unify data sources, automate workflows, and track data lineage for team consistency. Integration with existing cloud services, models, and frameworks is supported to avoid vendor lock-in. Cost observability, warm containers, and scale-to-zero features are included in operations.
Who are the top competitors of Union.ai?
Union.ai's top competitors include Relevance AI, Martian and Alluxio.
What products or services does Union.ai offer?
Union.ai offers Union.ai Platform and Flyte.
Who are Union.ai's investors?
Union.ai has 2 investors. Key investors include NEA, and Nava Ventures.