Portal.ai Raises $5 Million in Pre-Seed Funding

Portal.ai Raises $5 Million in Pre-Seed Funding

Portal.ai, a Redwood City, CA-based company that provides a platform with AI agents for small and medium-sized businesses, raised $5 million in pre-seed funding.

The funding includes angel capital in the amount of $500,000 million each under SAFE agreements with a cap of $50 million.

Early investors include Western funds such as StratMinds VC, AGI House Ventures, Rocky Yu, BBQ Capital, Nemke Kostic, The Patel family office, Amanda Schloss family office, and Broocknell Ventures, among others.

Founded in 2023 by Volodymyr Panchenko and Mohammed (Hamudi) Naanaa in California, Portal.ai develops customized AI applications for small and medium-sized enterprises. Their solution aims to assist in managing operational activities, marketing, finances, logistics, and more. The main product is an AI-based orchestrator capable of performing specific tasks. Portal.ai's agents gather and analyze data from platforms like Shopify, Amazon, Google, Meta, Wix, and QuickBooks, offering recommendations or executing tasks with a single click.

Funding Details

Company: Portal AI, Inc.

Raised: $5.0M

Round: Pre-Seed

Funding Month: June 2024

Investors: StratMinds VC, AGI House Ventures, Rocky Yu, BBQ Capital, Nemke Kostic, The Patel family office, Amanda Schloss family office, Broocknell Ventures

Company Website: https://portal.ai/

Software Category: AI Agent