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AI Platform MondoBrain Raises $13.3 Million

AI Platform MondoBrain Raises $13.3 Million
Credit: mondobrain.com

MondoBrain closed a $13.3 million Series A funding round led by Japia, a France-based fund owned and managed by Jean-Paul Inchauspé. Finamar, a Luc Dulayet company, strengthened the European part of the venture, and former Goldman Sachs executive Noreen Harrington took the lead of private U.S. investors like Philipp Simotas and Steven Tye.

Since 2016, MondoBrain’s “augmented intelligence” platform has contributed mission-critical processes to 50 enterprise customers. BNP Paribas Personal Finance granted their 2018 Innovation Award to MondoBrain, which has also received Airbus Helicopters’ Quality Award for improvement to the quality of composite manufacturing.

The company plans to use the funds to expand its sales and marketing international teams and product development.