AI powered Data Analytics startup Virtualitics secured $18 million in Funding

Virtualitics, a California-based Artificial Intelligence-driven data analytics software company has recently secured $18 million in a Series B funding round.

Virtualitics is founded by Michael Amori. It offers a SaaS AI-driven data analytics and 3D visualization platform that lets anyone discover and communicate actionable insights from the complex data quickly.

Michael Amori, CEO and co-founder of Virtualitics, said, "Our mission is to enable smarter data-driven decisions through our technology, combining simple-to-use AI and 3D data visualization. This funding will enable us to further improve and differentiate our platform, expand upon our success to date enabling the DOD to take advantage of AI systematically at enterprise scale, and build our go-to-market resources for key commercial markets."

Ciro Donalek, CSO and co-founder of Virtualitics, said, "We are making the black box of AI more transparent for all users through explainability, advanced visualization, and data storytelling. With this new capital, we will be able to further expand our talented data science and engineering teams and more quickly deploy all the exciting new features in our roadmap."

The North Sound Ventures led the latest funding round. Other participating investors include the Venture Reality Fund and Centricus.

Post funding, Brian Miller, the Chief Investment Officer of North Sound Partners, will join the Virtualitics, Board of Directors team.

The company as of now has plans to use the new funds to expand its business with the defense industry. Virtualitics will also leverage funds to accelerate and increase engagements in commercial markets which includes the IoT, financial, healthcare, and motorsports with the several Fortune 500 companies, notes the announcement.