Go.AI lands $85M Series A for on-prem AI in regulated industries
What's the deal? Go.AIDealroom has a profile for this one. Try Dealroom →, which sells on-premises AI infrastructure to regulated industries, has raised an $85 million Series A led by Updata PartnersDealroom has a profile for this one. Try Dealroom →. Existing investors GFT VenturesDealroom has a profile for this one. Try Dealroom → and LAUNCHDealroom has a profile for this one. Try Dealroom → also participated, bringing total funding to $90 million.
What's the endgame? The company builds AI hardware and software that run inside a customer's secure environment, with no data sent to third parties and a fixed fee rather than per-token pricing. Its customers span financial services, healthcare, aerospace and defence, and manufacturing.
Why now? The raise follows the company's rebrand from Go AbacusDealroom has a profile for this one. Try Dealroom → earlier this month and the launch of its Go1 on-prem hardware and software. It plans to move beyond regulated sectors into a wider set of compliance-minded organisations.
By the numbers: Go.AI now serves more than 200 customers, with annual recurring revenue up more than 8x year over year while remaining profitable. Its deployments process more than 12.5 million queries per day.
The money will fund engineering hires, development of its Go.OS operating system and hardware line, and go-to-market expansion.
"Go.AI built the AI stack that regulated institutions can actually deploy," said Carter Griffin, general partner at Updata Partners. "Go.AI's combination of explosive growth and profitability is exactly what we look for at Updata."
Co-founder and chief executive officer David Moscatelli said the round would also fund customer education, including a company podcast and marketing aimed at countering "fear-based narratives" around AI adoption. The company employs over 50 people.
The signal: At $85 million, the round sits in the top 2% of all US enterprise software Series A deals on record — a sign of investor appetite for AI tools that keep sensitive data inside a customer's walls. As regulated sectors weigh AI adoption against compliance risk, on-premises deployment is emerging as a distinct wedge.
Read more: business.theantlersamerican.com
Image credit: Go.AI
