A.I. Startup Talla Tracks Down $4M From Avalon, Others
The funding deals keep coming for startups developing businesses around artificial-intelligence technologies. The latest is Talla, which is working on a text-based virtual assistant for corporate functions such as recruiting and human resources.
Talla’s investors include Avalon Ventures, Hyperplane Venture Capital, Converge Venture Partners, Stage 1 Ventures, Charlie O’Donnell from Brooklyn Bridge Ventures, and Jason Calacanis’s Launch fund. The company previously raised a $600,000 convertible note from angel investors last year. Talla confirms that the new money in is about $3.5 million.
Talla is led by founder and CEO Rob May, who previously ran Backupify, a data-backup company that was acquired by Datto in late 2014 for about $90 million. Avalon and Calacanis were also investors in Backupify, which raised about $20 million while it was independent.