Charlotte-based artificial intelligence company Stratifyd has secured $10 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced August 6 and led by CIBC Innovation Banking.
According to its Crunchbase profile, "Stratifyd is an A.I. powered analytics platform that is built around the customer feedback loop to enable enterprise companies to transform structured and unstructured human textual data — found in call center platforms, surveys, product reviews, CRM systems and interactive chat sessions and other omnichannel sources — into immediate actionable insights. This allows the business to take actions off insights from any customer feedback or data set. These insights will lead to increased customer retention, improved products and services and increased revenue."
The five-year-old startup has raised four previous funding rounds, including a $29 million Series B round earlier this year.
Over the past year, five Charlotte-based artificial intelligence companies have secured venture funding, totaling $39 million in new investment to the local industry.
In other local funding news, mobile company 2ULaundry announced a $1.2 million funding round on August 29.
According to Crunchbase, "2ULaundry delivers the most invaluable resource in the world — time. The average person devotes over five hours a week to laundry. Their convenient and affordable door-to-door laundry and dry cleaning service gives people more time for what matters most in their lives."
Founded in 2015, the company has raised three previous rounds, including a $3 million Series A round earlier this year.