California, the U.S.A-based startup leveraging Artificial Intelligence (AI) and Machine Learning (ML) to broad global challenges, NumberOne AI, raised USD 13 million in recent funding. The company announced the funding round on October 11, 2022. Serial CEOs, founders and investors led the financing for the firm. Art Coviello, Aidan Kehoe, Alex Weiss, Ray Zadjmool, Drumwright Investments, B5 Capital, and Miramar Digital Ventures backed the company.
Purpose of funding for NumberOne AI
With the recent capital injection, NumberOne AI has plans to build out the core ML learning platform.
It also seeks to programmatize the startup building process.
What the founder of the company has to say
Stuart McClure, a serial entrepreneur and founder of NumberOne said, “As entrepreneurs, we often try to solve big problems with brute force detect and respond solutions, rather than through prediction and prevention. Data Science learns from the past to predict the future, and that is what we intend to do with each company we create at NumberOne AI.”
What the investors have to say
Bruce Hallett, Partner at Miramar Digital Ventures, said, “We are thrilled to participate in NumberOne AI. Many founders and operators struggle to find the right balance of innovation, growth and execution. Stuart has a proven recipe for success that will enable countless entrepreneurs to succeed with predictive AI/ML at their core.”
Michael Capellas, former CEO of Compaq, First Data and WorldCom, and NumberOne AI investor, further added, “Stuart’s vision for the application of predictive AI into the world beyond cybersecurity will empower companies big and small to solve some of the world’s toughest problems.”
About the company
Stuart McClure launched the company in 2021. The founder has had a successful track record with AI/Ml companies. He previously co-founded Foundstone, which was later acquired by McAfee in 2004. Stuart is also the co-founder of Cylance. However, Blackberry acquired Cyclance in 2019. The company has headquarters in Newport, California (USA). NumberOne AI is the first of its kind in Orange County to apply a broad, automated AI/ML platform. It leverages AI/ML to the challenge of starting and launching new company ventures. The company believes that predictive AI is the key to unlocking countless global problems in a predictive and preventative way. The company, built by some of the brightest applied AI/ML minds, intends to revolutionise the incubator/foundry/accelerator model. NumberOne AI incubates the future with companies built from the ground up with predictive AI at its core.
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