UK-founded Tracelight, an AI company making financial models easier to build and trust, has raised $3.6M (approximately €3M) in seed funding led by Chalfen Ventures.
Chalfen Ventures is an early-stage venture capital firm that backs software startups aiming to grow & dominate new and often unusual markets.
Mike Chalfen, Solo VC at Chalfen Ventures, says, “The most magical AI tools work at the highest level of abstraction, making them radically easy to adopt, while understanding and executing complex work under the hood. Tracelight does that. It has taken the world’s most widely used modelling platform and embedded AI, where it can have an immediate impact. And its rapid adoption by analysts in demanding modelling environments shows just how big the opportunity is.”
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