Illinois-Based Go.AI Raises $85M in Series A Funding

The round was led by Updata Partners with participation from GFT Ventures and LAUNCH.

The company will use the funding to expand its engineering team, develop its Go.OS software operating system and hardware line, and scale its go-to-market efforts.

What is Go.AI?

Go.AI provides on-premises AI infrastructure for organizations that need strong control, security, and regulatory readiness.

Its platform allows businesses to run AI inside their existing systems and governance frameworks. Go.AI focuses on industries including financial services, healthcare, aerospace and defense, and manufacturing.

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The company’s platform is designed to help organizations deploy AI securely while maintaining control and auditability.

How Much Funding Has Go.AI Raised?

Go.AI has raised $85 million in its Series A round.

The latest funding brings the company’s total funding to $90 million.

Who Invested in Go.AI’s Series A?

Updata Partners led the Series A funding round.

GFT Ventures and LAUNCH also participated in the round.

Why the Funding Matters

Go.AI will use the new funding to grow its engineering team and accelerate development of its Go.OS software and hardware products.

The company also plans to increase its go-to-market efforts as it expands beyond regulated industries to other organizations with strong compliance requirements.

Who founded Go.AI?

Go.AI was founded in 2018 by David Moscatelli and Lisa Gillespie.

The company is headquartered in Chicago, Illinois.

Leadership Comments

"When Lisa Gillespie and I cofounded the company, we were two people with a big idea. Today we have over 50 team members, and the company we've built is doing exactly what we said it would do for the institutions that trust us most," said David Moscatelli, Co-Founder and CEO of Go.AI. "This funding lets us keep building at that pace, but the thing I'm most proud of isn't the growth number, it's the education.

"Go.AI built the AI stack that regulated institutions can actually deploy: software and hardware that live inside the customer's secure environment with no proprietary data going to a third party. All of this at a fixed fee with no per-token surprise costs," said Carter Griffin, General Partner at Updata Partners. "Go.AI’s combination of explosive growth and profitability is exactly what we look for at Updata.

Market and Business Growth

Go.AI now has more than 200 customers, while its annual recurring revenue has grown more than eightfold year over year.

The company remains profitable, and its customers process more than 12.5 million AI queries per day through on-premises deployments.

Its customers include organizations in financial services, healthcare, aerospace and defense, and manufacturing.

What Happens Next?

Go.AI plans to expand its team, continue developing its software and hardware products, and increase its go-to-market activities.

The company also plans to invest in training and client advisory services to help more organizations understand and adopt secure, on-premises AI.

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