Alabama Futures Fund (AFF) recently invested in CModel Data. Formerly based in San Francisco, California, CModel has been developing a data modeling and business intelligence tool that utilizes artificial intelligence (AI) to apply native, curated, and client-generated data to perform business strategy simulations. CModel’s platform enables business managers to determine the actions required to achieve specific business outcomes. In connection with the funding from AFF, CModel and its CEO, Teasha Cable, will relocate the company’s headquarters to Birmingham, Alabama.
Companies have invested vast amounts of money and resources in collecting, curating, analyzing, and storing data. And the data is at the center of the Business Intelligence market, which is expected to be a $56 billion annual market by 2033 with a 7.1% CAGR rate (Future Market Insights Global and Consulting).
CModel developed a cloud-based software platform named “CORA”. CORA is a personification of the company’s software platform capabilities and functions that utilizes historical client-generated data, generative AI, and input from human experts, including curated data from a collection of best practices provided by industry experts in business management.
Users interact with CORA with a typed prompt interface. After a prompt is entered, CORA asks the user a series of questions that start as generalized, high-level questions with multiple-choice answers and then drill down into more granular inquiries. Based on answers provided by the user, CORA will then run simulations to illustrate what business conditions need to be met to achieve the desired outcomes.
CModel was recruited to Birmingham through the combined efforts of AFF and Birmingham Bound.
This is the nineteenth investment from AFF since the fund launched in Q3 of 2018. Redhawk Advisory, LLC serves as AFF’s investment manager and advises AFF on the CModel investment.
KEY QUOTES:
“Relocating our company to Alabama marks the beginning of an exciting new chapter. With our recent investment from AFF and the support of Redhawk Advisory as a trusted partner, we are poised to unlock unprecedented growth and innovation. Birmingham’s vibrant startup environment and Alabama’s strategic location are the perfect ingredients for our company’s success. We look forward to creating a brighter future, both for our business and the local community.”
— CModel CEO Teasha Cable
“CModel represents a startup that will truly move the needle for its customers. Augmented Intelligence platforms like CORA are, usually, financially unattainable for mid-market businesses. Combining the latest AI and machine learning technology with modeling simulations that will help businesses make better decisions, faster, is a game-changer.”
— Redhawk Partner Matt Hottle
