Remesh gets $10M in Series A funding
Cleveland-born Remesh has received a $10 million Series A funding round led by General Catalyst, with participation from Seed Round lead investor, LionBird Ventures.
The software company utilizes artificial intelligence to reinvent the way organizations conduct research by offering an interactive, on-demand platform without the confines of the traditional market research experience.
Remesh was founded in Cleveland by Andrew Konya and Gary Ellis, but moved the startup to New York to participate in the Barclays Accelerator, which helped it raise $1.6 million in pre-seed funding. It was also a member of the 2014 class of FlashStarts in Cleveland, where it continues to maintain a small office.
The latest funding brings total capital raised to $13.8 million, according to Crunchbase. Investors have included North Coast Angel Fund, Schlesinger Associates CEO Steve Schlesinger, FlashStarts CEO Charles Stack, Overdrive CEO Steve Potash and Kent State University.
“Remesh is reducing the time it takes to deliver valuable and actionable insights from months to hours,” said Adam Valkin, managing director of General Catalyst in a statement.
“In a world where truth has become an opinion, the ability to authentically understand people has never been more important,” co-founder and CEO Andrew said in a statement. “That is why we believe solving Representative Intelligence — intelligence capable of engaging, understanding and authentically representing scalable groups of people — is one of the most important problems of the next decade. We’ve already made amazing progress at the intersection of AI, human interaction design and understanding people. This round marks the next significant step forward.”
General Catalyst’s Adam Valkin will be joining Remesh’s board of directors. LionBird, North Coast Angel Fund and Techstars Ventures were also part of the Series A round of funding.