Cerbrec Set to Revolutionize AI with Seed Investment from AIN Ventures and VIPC
Deal News | Feb 06, 2025 | EIN
Cerbrec, a Virginia-based AI platform provider, has secured seed funding from AIN Ventures, in collaboration with the Virginia Innovation Partnership Corporation (VIPC), to further enhance its AI development tools. The funding will accelerate the growth of its flagship product, Graphbook, an advanced AI platform that allows subject matter experts across various industries to create custom AI solutions without requiring coding skills. This investment underscores the confidence AIN Ventures and VIPC have in Cerbrec’s potential to revolutionize AI development by reducing technical barriers and enhancing transparency and compliance. The seed funding will also bolster Cerbrec's team expansion and product development, particularly in the biotech and pharmaceutical sectors. Additionally, the Virginia Invests program, part of the U.S. Department of Treasury's State Small Business Credit Initiative, aims to boost Virginia's role as an innovation leader by pooling over $250 million in investments over the next few years.
Sectors
- Artificial Intelligence
- Biotechnology and Pharmaceuticals
- Venture Capital
Geography
- United States – The investment and key companies involved are based in the United States, with a focus on Virginia as a hub for innovation.
- Virginia – Both Cerbrec and the Virginia Innovation Partnership Corporation are based in Virginia, central to the development and investment activities discussed.
Industry
- Artificial Intelligence – The article focuses on AI development and Cerbrec's platform for creating custom AI solutions, relevant to the Artificial Intelligence industry.
- Biotechnology and Pharmaceuticals – Cerbrec aims to expand its impact in the biotech and pharma sectors by providing AI tools for these industries.
- Venture Capital – The investment by AIN Ventures and VIPC highlights activity in the venture capital sector, focusing on early-stage tech startups.
Financials
- $250 million – Projected investment generated by the Virginia Invests program over the next 3-5 years.
Participants
Name | Role | Type | Description |
---|---|---|---|
Cerbrec | Target company | Company | AI platform provider focusing on developing custom AI solutions. |
AIN Ventures | Investor | Company | An early-stage deep tech investment fund investing in innovative technologies. |
Virginia Innovation Partnership Corporation (VIPC) | Investor | Company | Nonprofit corporation focused on innovation and economic growth in Virginia. |
Sherman Williams | Co-Founder and Managing Partner | Person | Co-Founder of AIN Ventures. |
Garrett Wang | CEO | Person | CEO of Cerbrec. |
Aurelia Flores | Director of Virginia Invests | Person | Director of the Virginia Invests program under VIPC. |
Virginia Venture Partners | Investor | Company | Part of VIPC, supporting investments into Virginia startups. |
SRI International | Investor | Company | Participant in the investment round for Cerbrec. |
Inner Loop Capital | Investor | Company | Participant in the investment round for Cerbrec. |
Gurtin Ventures | Investor | Company | Participant in the investment round for Cerbrec. |