Diveplane, the two-year-old artificial intelligence startup in Raleigh that’s led by former Epic Games Mike Capps, has secured more capital from investor Calibrate Ventures.
The amount of funding was not disclosed, but Diveplane said it plans to hire additional staff with the new cash while also investing in its technology.
“We are thrilled to be partnering with Diveplane as they continue to innovate in this highly exciting and growing field,” said Jason Schoettler, cofounder of Calibrate, in the announcement.
“The company’s unique technology platform has already made a strong impression within a number of verticals and among its blue-chip clientele. We look forward to supporting Mike, co-founder and Chief Technology Officer Chris Hazard and the rest of the Diveplane team in achieving their mission of keeping AI understandable.”
The funding comes after industry recorgnition for Diveplane has grown. It has been recognized as a sample vendor in four different “Hype Cycle” reports released by global research firm Gartner.
Among them: artificial intelligence; data science and machine learning; emerging technologies; and privacy.
Diveplane was also named as a Cool Vendor in the 2020 Cool Vendors in AI Core Technologies report by Gartner in April.
“This is a very exciting time in Diveplane’s evolution,” said Capps in a statement.
“Having expanded our operations into Europe and Asia, this new funding will support key initiatives, including further developing our technology capabilities, bolstering our research and software development efforts and enhancing scale. We are eager to leverage Jason and the Calibrate team’s deep AI sector expertise and resources to help us achieve the growth and success that’s still to come.”