Seattle-based enterprise AI company DeltaGen has secured $1.2 million in pre-seed funding to advance its innovative no-code generative AI platform for mergers and acquisitions.
The funding round, led by Forward VC and B5 Capital with participation from Techstars, concluded with a holiday surprise as a lead investor signed the agreement on December 25th. “So much for ‘don’t raise during holidays,'” noted DeltaGen co-founder and CEO Rene Bystron.
Since its May launch and September Techstars Denver graduation, DeltaGen has generated $300,000 in revenue and successfully moved beyond beta testing in Q3 2023. The company’s platform stands out by eliminating the need for complex AI prompting, instead offering automated solutions for specific enterprise workflows.
“M&A is still chaotic, fragmented and drowning in Excel spreadsheets,” explained Bystron. “DeltaGen takes the chaos out of deal making by integrating the entire deal lifecycle.” The platform leverages approximately 30 different AI model APIs, automatically selecting the optimal model for each specific task.
The 11-person team, led by Bystron and CTO Avinash Uddaraju, plans to allocate the new funding primarily toward sales, marketing, product development, and enhanced security controls. Uddaraju brings valuable experience as the former co-founder of Gritly, which was acquired by IIA Healthcare.
Bystron’s track record includes founding AI LaMo, a platform dedicated to improving user interactions with AI chatbots through interactive content and games. While co-founders Abdullah Raja and Casey McCullar have moved on, they remain acknowledged as integral to DeltaGen’s founding story.
As enterprises increasingly seek efficient ways to implement AI solutions, DeltaGen’s platform addresses a critical market need by simplifying AI adoption for financial professionals. The company joins a growing ecosystem of AI implementation tools, including notable platforms like Wokelo and Kamiwaza.