DeltaGen Raises $1.2M to Revolutionize M&A Processes with Generative AI
Deal News | Feb 06, 2025 | EIN
DeltaGen, a Seattle-based startup that leverages generative artificial intelligence to optimize M&A processes, has secured $1.2 million in a pre-seed funding round. Founded by Rene Bystron and co-founder Avinash Uddaraju, DeltaGen offers a software platform that simplifies complex enterprise workflows, particularly for financial professionals engaged in mergers and acquisitions. The company boasts software that unites around 30 AI APIs to pinpoint the most effective solutions for specific tasks within the M&A lifecycle, effectively eliminating the chaos traditionally associated with these deals. With initial revenue of $300,000, the startup plans to direct the investment towards enhancing its sales, marketing, product development, and security controls. The leading investors in this round include Forward VC and B5 Capital, with additional support from Techstars. While co-founders Abdullah Raja and Casey McCullar have exited the company, their legacy remains part of DeltaGen's journey.
Sectors
- Artificial Intelligence
- Mergers and Acquisitions (Financial Services)
Geography
- United States – DeltaGen is based in Seattle and operates within the U.S. market.
Industry
- Artificial Intelligence – DeltaGen is developing AI-driven software to streamline M&A processes, making AI adoption easier for businesses.
- Mergers and Acquisitions (Financial Services) – The company's software targets M&A workflows, integrating the entire deal lifecycle to improve efficiency.
Financials
- $1.2 million – Raised in a pre-seed funding round to enhance DeltaGen's AI technology and expand its operations.
- $300,000 – DeltaGen's reported revenue.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DeltaGen | Target Company | Company | A Seattle-based startup focused on AI-driven solutions for M&A processes. |
| Rene Bystron | Co-founder and CEO | Person | Co-founder and CEO of DeltaGen, previously involved with AI LaMo. |
| Avinash Uddaraju | Co-founder and CTO | Person | Co-founder and CTO of DeltaGen, previously co-founded Gritly. |
| Forward VC | Lead Investor | Company | One of the lead investors in DeltaGen's fundraising round. |
| B5 Capital | Lead Investor | Company | A significant investor in DeltaGen's pre-seed funding round. |
| Techstars | Investor | Company | Provided follow-on funding for DeltaGen, previously graduated from their program. |
| Abdullah Raja | Former Co-founder | Person | Former co-founder of DeltaGen. |
| Casey McCullar | Former Co-founder | Person | Former co-founder of DeltaGen. |