Opendoor co-founder brings Seattle-area startup Summation out of stealth with $35M in funding

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By Rami Gupta

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Co-founder Ramchandran “RC” Ramarathinam (Left) and Ian Wang. (Pictures of abbreviation)

Seatol-Aria Startup Sum Executives have come out of stealth with $ 35 million funds from Benchmark and Clainer Parkins to convert how executives decide to make a higher business decision.

Established in 2021 and Bellevue, Wash. Based on, the combination describes itself as a “decision-grade AI platform” that helps to draw a large amount of insights in the internal information of the enterprise.

The front platform sits at the top of the data system and automatically runs a lot of calculations, examines various situations and use AI agents to explore various questions in parallel. The software also automated the financial reunion, variant analysis and management report.

The CEO is under the leadership of the company Ian WangReal Estate Giant Opendoor and Square’s first data scientist co-founder and former City.

Wang remembered walking in the Open Executive Meeting with Dashboards and spreadsheets, just “why did this change” or “what should we do next?” To hurt with questions like this?

“After a few weeks we had an answer, but the chance to act was over,” he wrote LinkedInThe “Disappointment was not just behind it

The combination did not reveal the number of revenue metrics or customers, but said that its platform has helped to increase the reporting cycle of fans and explore more than $ 10 million in savings opportunities.

The combination is part of the growing association of AI startups that go beyond the report and analysis, earn the latest LLM and other AI-driven software for direct formation for the latest strategic decision making.

Wang co-founded combination Ramchandran “RC” RamarathinamWho led the Opendoor’s original transaction platform. This team has grown out of about 5 employees, who is personally the majority in the Bellevue office of the company.

Benchmark led the company’s seed round and Claine Parkins led the round.

Members of the board include Chetan Puttagunta of Benchmark and Josh Coin from Clear Parkins.

“Each large technology waves require rewrite of enterprise infrastructure,” Puttagunta said in a statement. “The combination is the regeneration for the AI ​​era – insights are surfaced and answered strategic questions that miss the best analysts.”

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