$8.1 Million Seed Funding Secured to Accelerate AI Tool Development for Heavy Industries

Bolo AI, an enterprise AI company specializing in tools for heavy industry, recently secured an $8.1 million Seed round led by True Ventures, with contributions from several venture partners. The company collaborates with a major Fortune 500 industrial firm and one of the largest U.S. oil refineries on a pilot program, aiming to enhance integrations with enterprise systems and accelerate deployments in energy, utility, and industrial sectors. Bolo AI’s technology aims to extract knowledge from existing procedures and legacy systems, resulting in improved operational safety, reduced downtime, and enhanced decision-making. Founded by Diti Sood and Dr. Lalit Jain, the team combines extensive industry experience and technical expertise. Sood, a former field engineer, understands the challenges faced by industrial teams, while Jain brings over 15 years of machine learning experience. Their mission is to empower frontline teams to make faster, well-informed decisions amidst challenging conditions.

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