Wednesday, April 17, 2024
HomeFunding CA-based TurbineOne Secures $15Million in Series A Round Funding

[Funding alert] CA-based TurbineOne Secures $15Million in Series A Round Funding

TurbineOne Inc, a leader in government Machine Learning (ML) that is simple-to-use and edge-first, secures $15million in series A round funding.

TurbineOne Inc, a leader in government Machine Learning (ML) that is simple-to-use and edge-first, secures $15million in series A round funding.

The round is led by Bessemer Venture Partners with participation from previous investors The General Partnership and XYZ Ventures. Pallas Ventures, a national security focused investment firm, also joined this round. TurbineOne.

The venture funding will be used to accelerate its rapidly growing business in national security markets as the Defense Department adopts ML solutions to sort through the fog and friction of the modern battlefield.

Read also – TX-based Blockhouse Digital Secures $2Million in GP Funding

While today’s warfighters are overwhelmed with processing data from diverse hardware and sensors, TurbineOne’s Frontline Perception System (FPS) cuts through the noise to quickly unlock data insights by automating threat recognition and cueing alerts for decision-makers using cutting-edge ML.

The software refines raw data feeds through user-friendly software that warfighters can operate themselves, including in battlefield conditions where connectivity, bandwidth, and access to the cloud is hazardous and limited.

TurbineOne Co-Founder and CEO Ian Kalin said, “With the backing from a visionary and audacious team of investors, it will continue its mission to provide American service members with decision advantage, The innovators at TurbineOne have deep experience serving our nation and we are proud to deliver a toolset that accelerates mission achievement and reduces operational risks.”

Janelle Teng, Vice President at Bessemer Venture Partners said, “It exhibits all the qualities of a category-defining company with mission-driven founders, Their rapid traction in government sales is best-in-class, and the championship they’ve won from the most demanding national security organizations is unparalleled.”

Dan Portillo, co-founder of The General Partnership and co-founder of TurbineOne said, “I strongly believe that TurbineOne’s work is critical in helping the DoD improve mission success and service member safety, which is why I’ve been proud to work with Ian and Matt since the very beginning, The product they’re building is already helping the U.S. government better serve its citizens.”

About TurbineOne

TurbineOne is the frontline perception company. It delivers national security and intelligence solutions through its no-code, no-cloud software platform. Backed by the nation’s leading defense venture capitalists, It is deployed globally with every military branch and U.S. Special Operations.

Read also – NYC-based Coast Secures $92Million in Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular