Espresso AI Raises Over $11M in Seed Round

Espresso AI Raises Over $11M in Seed Round

Espresso AI, a Silicon Valley-based artificial intelligence startup, has raised over $11 million in seed funding.

The funding includes a seed round led by Daniel Gross and Nat Friedman, and a pre-seed round led by Matt Turck at FirstMark, with participation from industry leaders.

The company will utilize the funds to accelerate product development and go-to-market efforts.

Espresso AI is an AI company that specializes in developing technology that uses advanced language models and machine learning to automatically optimize code and reduce cloud computing costs. Its initial product focuses on streamlining SQL queries for Snowflake, the popular cloud data warehousing platform. The company emerged from stealth and has attracted attention from major global food companies such as McDonald’s, USDA’s Climate Smart Commodities collaborations, and Cargill in Brazil.

Funding Details

Company: Espresso AI

Raised: $11.0M

Round: Seed Round

Funding Month: May 2024

Lead Investors: Daniel Gross, Nat Friedman

Additional Investor: Matt Turck

Company Website: https://espresso.ai/

Software Category: Data Warehouse Optimization