Lowenstein Sandler represented Grotech Ventures as lead investor in the $3.1 million series seed financing round of SturdyAI Inc., the provider of the AI-led customer intelligence and automation platform "Sturdy".
Sturdy uses natural language processing and machine learning to help teams improve products, processes, relationships, and revenue by using the most valuable data they already have: the feedback they receive every day from customers.
This infusion of capital will empower Sturdy to continue its impressive early growth, broaden market awareness, and strengthen its customer intelligence solution.
Grotech Ventures has been investing in exceptional entrepreneurs and high potential technology companies since 1984. It initially invests from $500,000 to $5 million and continues investing and building value throughout the life of a company.
The Lowenstein deal team included Matthew R. VanderGoot and Claire Dronzek.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.