Florida Funders leads growth round in Tampa AI firm Circuitry.ai
What's the deal? Circuitry.aiDealroom has a profile for this one. Try Dealroom →, a Tampa company that uses AI to automate warranty claims and equipment repair decisions, has raised a growth equity round led by Florida FundersDealroom has a profile for this one. Try Dealroom →. DeepWork CapitalDealroom has a profile for this one. Try Dealroom → and Tampa Bay Ventures also took part. The investors announced the financing on October 12, 2026, but did not disclose its size.
What's the endgame? Circuitry.ai's software examines a product's history, the proposed repair, and the manufacturer's warranty terms, then approves, rejects, or refers each claim for human review. It organizes technical knowledge into what the company calls a Service Knowledge Graph, aiming to preserve the expertise of retiring technicians and make it available across service operations.
Why now? Manufacturers paid more than $30 billion in US warranty claims in 2025, according to Warranty Week, a figure cited by Florida Funders. Processing those claims often requires experienced staff to consult repair histories, manuals, parts catalogs, and contracts — work the software is designed to automate.
Founder and chief executive officer Ashok Kartham has spent more than two decades in the field. He founded 4CSDealroom has a profile for this one. Try Dealroom →, acquired by PTCDealroom has a profile for this one. Try Dealroom → in 2011, and later built Mize, which merged with Syncron in 2021. Circuitry.ai is his third company in warranty and service software.
Why these investors? Rachael Richardson, director of investments at Florida Funders, cited Kartham's experience and the company's customer retention. One customer processes roughly 10,000 warranty claims a month and has raised its automatic-approval threshold five times, she said. Circuitry.ai also reports losing no customers since launch — figures provided by Florida Funders and not independently verified.
What could go wrong? Automating warranty decisions can cut administrative costs and speed repairs, but incorrectly denied claims or faulty repair recommendations could create added costs for both customers and manufacturers.
Florida Funders, based in Tampa, manages about $300 million across four funds and has backed more than 115 companies. Kartham said the investment will fund expanded sales efforts and help the company reach more manufacturers.
The signal: The round reflects a growing specialization within AI, with startups targeting established business processes where customers can measure savings in labor, downtime, and warranty costs. It also adds to a widening pool of business-focused AI investments across the Tampa Bay region.
Read more: stpetecatalyst.com
Image credit: Generated with Gemini
