WisdomAI just closed a $50 million Series A round led by Kleiner Perkins with participation from NVentures, Nvidia's venture arm, six months after raising $23 million in seed funding. The AI data analytics startup from former Rubrik co-founder Soham Mazumdar has exploded from 2 to 40 enterprise customers since launching, solving a critical problem plaguing business intelligence.
WisdomAI is riding one of the fastest growth trajectories in enterprise AI, and investors are taking notice. The data analytics startup from Rubrik co-founder Soham Mazumdar just landed $50 million in Series A funding led by Kleiner Perkins, with participation from Nvidia's venture capital arm NVentures. The round comes just six months after the company raised $23 million in seed funding from Coatue, signaling red-hot investor appetite for AI solutions that actually work.
The timing couldn't be better. Enterprise data analytics is exploding as companies drown in information but struggle to extract actionable insights. WisdomAI's pitch is simple but powerful - business users can ask questions in plain English like "How many customers do I have in my pipeline and what's preventing them from closing this quarter?" and get accurate answers from messy, real-world data.
But here's where WisdomAI gets clever. While most AI analytics tools suffer from hallucination problems where large language models invent false answers, WisdomAI sidesteps this entirely. The company only uses LLMs to write database queries, not generate responses. If the AI hallucinates, it simply creates an ineffective query rather than fabricating incorrect business data - a distinction that could save companies millions in bad decisions.
"WisdomAI is not using LLMs to write answers to questions," Mazumdar explained to TechCrunch. "Instead, LLMs are only used to write the query that will go out to a data warehouse to retrieve data."
The approach is paying off spectacularly. Since formally launching in late 2024, WisdomAI has grown from just two enterprise customers to around 40, including household names like Cisco, ConocoPhillips, and Patreon. Even more impressive, existing customers are doubling down - one client expanded from 10 seats to 450, essentially deploying the platform company-wide.
"Some customers have doubled usage within two months," Mazumdar told investors, highlighting the sticky nature of the product once deployed.
