Iterate.ai Raises $6.4M to Enhance Secure, Scalable AI Solutions at the Enterprise Edge

Iterate.ai has successfully raised $6.4 million to enhance its position in enterprise-grade artificial intelligence. The funding, led by Auxier Asset Management, involves investors from eBags, the company co-founded by Iterate’s CEO Jon Nordmark. With a keen foresight in digital trends, Iterate introduced its “Generate Enterprise” AI assistant and the low-code platform, “Interplay,” aimed at transforming enterprise software adoption. These tools offer enhanced data privacy and reduced deployment costs, effectively allowing AI functionalities offline on devices critical for industries like retail and healthcare. Interplay facilitates the development of autonomous AI workflows that utilize both lightweight and advanced machine-learning models, integrating seamlessly with existing data storage systems. Their focus on security, with air-gapped deployments and role-based access, positions Iterate favorably in a landscape increasingly concerned with data sovereignty. Overall, Iterate.ai combines innovative technology and strategic partnerships to provide scalable and secure AI solutions for enterprises.

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