HerculesAI Raises $26 Million in Series B
HerculesAI, (formerly Zero Systems) a Campbell, CA-based company that focuses on automating professional services using advanced AI, has raised $26 million in Series B funding.
Investors
The round was led by Streamlined Ventures, with participation from Proof VC, Thomson Reuters Ventures, Alumni Ventures, and various industry angels.
Founded in 2013, Streamlined Ventures is a seed-stage investment firm focusing on Data Science, APIs, Blockchain/Web3, AI, and Software Automation. Based in Palo Alto, California, the firm lead or co-lead Seed rounds.
The company will use the funding to support its growth.
Founded in 2017 as Zero Systems, HerculesAI is a generative AI company that uses ensemble for data extraction, transformation, and verification frameworks. Leveraging its core functions, HerculesAI has developed multi-agent systems that automate high-value, continuous processes and workflows requiring automated decision-making. The company serves 30% of the top 100 law firms in the U.S. and several Fortune 500 companies, including Mercer, Standard & Poor’s, and State Farm.
Funding Details
Company: HerculesAI
Raised: $26.0M
Round: Series B
Funding Month: July 2024
Lead Investors: Streamlined Ventures
Additional Investors: Proof VC, Thomson Reuters Ventures, Alumni Ventures
Company Website: https://hercules.ai/
Software Category: AI Automation