Pangram, which is an accurate and reliable technology for detecting text created by AI, announced it has closed a round of pre-seed and seed funding totaling $3.98 million. The most recent investments of more than $2.7 million added to the previous pre-seed funding of $1.25 million. ScOp led the seed round, and they were joined by Script Capital and Cadenza, along with a handful of individual investors. Haystack VC was a lead investor in the initial, pre-seed funding round.
Pangram has released summaries of four independent and university-backed studies of AI detection technology, showing that Pangram’s technology is the most accurate in the market.
Panagram co-founders Bradley Emi and Max Spero have master’s degrees in computer science from Stanford University, where they met as undergraduates. Before founding Pangram, Emi was a machine learning engineer at Tesla, and Spero was an AI engineer at Google.
How the funding will be used: With the funding round, Pangram will continue to develop partnerships in higher education institutions, which have been struggling to address the misuse of AI among students adequately. And the company will also build on its existing customer and partner base among businesses and media support organizations, which rely on Pangram to establish the authenticity of news development, product reviews, and other written material.
KEY QUOTES:
“Identifying AI text with confidence is increasingly essential across education, business, and the media, and we have the best technology to do that. Our investors recognize the potency and accuracy of our technology and are standing with Pangram as we continue to gain customers and improve our value proposition.”
“We set out to build the most accurate AI detection technology, one that can be trusted in education and business sectors, and Pangram has proven this out time and time again.”
Pangram Co-Founder and CEO Max Spero
“This round was successful, in part, because our investors were impressed by the accuracy of the technology and excited about the market opportunity.”
Co-Founder and CTO Bradley Emi
