Monday, August 23, 2021

Ferret Finds $4M For AI Tools

Los Angeles-based Ferret, a startup working on artificial inteligence software to help people determine who they can trust, has raised $4M in a seed funding round, according to the company. The company said the funding came from Artesian, plus over 30 angel investors, including Lanyon Advisory and Paul Grinberg, chairman of the Axos Bank. The company said it is developing machine learning algorithms which help users determine who they can trust in real time. The company said the funds will go towards the acquisition and collection of data, and also go to expand its artificial intelligence search, monitoring, and natural language processing capabilities. The company said it was founded by Rob Loughan (former founder of Octane Software) and Al MacDonald (CEO of NominoData).