Intel Spinout Articul8 Raises $35M+ at $500M Valuation, Revenue Hits $57M
Summary
Intel spinout Articul8 raises over $35M at $500M valuation—five times its previous worth—while generating $57M in annual recurring revenue from specialized AI systems serving regulated industries like energy and finance.
Key Points
- Intel spinout Articul8 secures more than half of a planned $70 million Series B funding round at a $500 million pre-money valuation, marking a fivefold increase from its previous valuation
- The enterprise AI company reports surpassing $90 million in total contract value from 29 paying customers and expects to finish the year with annual recurring revenue of just over $57 million
- Articul8 develops specialized AI systems for regulated industries like energy and financial services, operating within customers' own IT environments rather than relying on shared cloud-based models