Statt Raises $2.8 Million in Seed Round
Statt, a Washington, DC, and Austin, Texas-based big data and AI company for the public policy, regulatory, and strategic communications sectors, has raised $2.8 million in seed funding.
The round was led by Moneta Ventures, with participation from Clutch VC, Next Coast Ventures, and NextGen Venture Partners.
Moneta Ventures is an early-stage venture capital firm with offices in Austin, TX, and Folsom, CA. The firm invests in high-growth B2B technology companies along the U.S. West Coast and in Texas. Moneta works closely with founders to help companies scale operationally alongside capital investment. The firm has invested in more than 50 companies since 2014.
The investment will enable Statt to expand its sales, marketing, engineering, and machine learning teams, accelerating the development of its SaaS platform.
Founded by Steve Glickman and Andrew Platt, Statt provides a SaaS AI and data platform focused on delivering mission-critical public policy, regulatory, and geopolitical insights. Statt utilizes AI and a proprietary global data stream of public policy documents to deliver real-time insights and streamline research processes for clients like Microsoft, Visa, and FTI Consulting. Based in Washington, DC, and Austin, TX, Statt is dedicated to providing real-time, data-driven solutions that empower large companies, professional services firms, government agencies, and policy organizations to navigate complex regulatory and legislative landscapes.
Funding Details
Company: Statt, Inc.
Raised: $2.8M
Round: Seed Round
Funding Date: September 2024
Lead Investor: Moneta Ventures
Additional Investors: Clutch VC, Next Coast Ventures, NextGen Venture Partners
Company Website: https://www.statt.com/
Software Category: Public Policy and Regulatory Insights and Analysis