SourseAI Raises $3 Million in Series A

SourseAI Raises $3 Million in Series A

SourseAI, a Sydney, Australia-based decision intelligence startup has raised $3 million in Series A funding.

The round was led by enterprise technology investors Centerstone Capital.

Founded in 2021, Centerstone Capital is a venture capital firm based in Darlinghurst, Australia. The firm seeks to invest in cloud, artificial intelligence, platforms, and machine learning sectors with innovative business models.

The company plans to use the funds to expand its global presence, starting with Europe. The company aims to increase its headcount in Europe and double the size of its Australian-based research and development team.

SourseAI is an AI innovator that has combined applied AI and industry-based models into a SaaS decision augmentation platform - Atlas. SourceAI focuses on helping telcos make better decisions through AI-based analytics, its platform enables executives to refine and improve strategic decision-making in areas such as product pricing, marketing spend optimization, churn management, and cross-sell or upsell offers.

Funding Details

Company: Sourse Pty Ltd.

Raised: $3.0M

Round: Series A

Funding Month: December 2023

Lead Investors: Centerstone Capital

Additional Investors:

Company Website: https://www.sourse.ai/

Software Category: Decision Augmentation