NYC-based Fora secures $3.8million in pre-seed funding. Converge led the funding round, and Zelkova Venture Partners, Acadian Ventures, GTM Fund, 14Peaks, and other investors also participated.
The founder and general partner of Converge, Nilanjana Bhowmik, and the former CMO of the cloud-based hiring platform iCIMS, Susan Vitale, have joined the board of Fora.
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The money will be used by the company to grow both its operations and its clientele. Under the direction of CEO Joe Essenfeld, Fora offers an ERM platform aimed at improving senior leaders’ strategic capacities in medium-to large-scale businesses.
The platform’s architecture goes beyond the usual focus of AI solutions, which primarily serve knowledge and task workers, to solve the difficulties encountered by senior leaders.
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The solution helps leaders navigate the complexities of their roles with clarity and efficiency across medium to large enterprises, freeing them up to focus on strategic decision making and relationship building. It does this by channeling an organization’s continuous daily information flow into actionable insights.
Joe Essenfeld said: “In a landscape dominated by AI solutions designed for widespread use among knowledge and task workers, Fora stands apart by specifically serving the C-suite. Going beyond enhancing decision-making capabilities, Fora ensures the highest levels of safety and security. Our platform acts as a safeguard for executive leaders, integrating AI to support strategic decisions while conscientiously minimizing organizational liability related to the retention of meeting recordings and transcripts. This careful approach advances leadership effectiveness and protects sensitive information, establishing Fora as a vital ally for the C-suite in navigating AI adoption with confidence and reduced risk.“
About Fora
By delivering timely performance data that is discussed throughout your organization, FORA assists you in identifying and anticipating potential hurdles before they become business problems. This allows you to respond to prospective issues rather than just react to them.
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