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AI-Solutions Provider, Stellar, Raises $2.7M in Oversubscribed Seed Round

AI-Solutions Provider, Stellar, Raises $2.7M in Oversubscribed Seed Round

January 16, 2025 Craig Etkin

Funding supports business growth and attracts new investors amid rising demand for AI solutions

January 07, 2025 10:27 AM Eastern Standard Time

INDIANAPOLIS–(BUSINESS WIRE)–Stellar, a leader in AI-driven business solutions, announced today that it has raised $2.7 million in a seed funding round. The new capital will be used to expand the company’s sales and marketing capabilities and expand its data engineering team, enabling Stellar to further its mission of helping businesses integrate generative AI (genAI), Large Language Models (LLMs), and machine learning (ML) across their operations.

“This funding is a testament to the transformative potential of AI in solving real-world business challenges”Post this

Stellar is an AI innovator that designs and builds tailored AI solutions to help organizations address business challenges and enhance operational performance. By demonstrating that AI doesn’t need to be hard, Stellar empowers companies and non-profits to harness the power of genAI, LLMs, and ML. Since its launch following the introduction of OpenAI’s ChatGPT, Stellar has gained strong traction with mid-sized commercial organizations across industries such as manufacturing, medical devices, healthcare, and construction services.

“This funding is a testament to the transformative potential of AI in solving real-world business challenges,” said Brett Flinchum, co-founder and CEO of Stellar. “When companies consider the business gains AI can deliver, they often need expert guidance and technical support to bring that vision to life. Our team of data engineers helps organizations navigate their options and implement the right solutions from leading AI platforms, including Microsoft, Snowflake, Google, AWS, Mistral, Anthropic, and Meta/Llama.”

This funding round was led by venture capital firm Ground Game, with additional participation from Elevate Ventures, a leading seed and early-stage investor in the Great Lakes Region. Both Ground Game and Elevate Ventures joined as a new investors in the oversubscribed seed round.

“We’re thrilled to support Stellar in its mission to redefine AI-driven business transformation,” said Aman Brar, partner at Ground Game. “Global venture funding continues to be driven by AI investments, and Stellar stands out for its ability to help businesses unlock the true value of AI by addressing fundamental operational challenges. The confidence their customers have shown in the practical, impactful solutions Stellar delivers reinforced our decision for the capital investment in this round.”

About Stellar

Stellar empowers organizations to unlock their competitive edge by integrating generative AI (genAI), Large Language Models (LLMs), and machine learning (ML) across business operations. As a tech-enabled services leader, Stellar helps businesses assess AI readiness, identify and prioritize opportunities, and implement secure, next-generation solutions that drive operational excellence, accelerate revenue growth, and enhance customer experiences. By combining expertise with tailored guidance, Stellar enables employees, customers, and stakeholders to achieve transformative outcomes. Learn more at www.GetStellar.ai.

About Ground Game

Headquartered in Indianapolis, IN, Ground Game Ventures is a leading business-to-business, seed-stage venture capital firm supporting ambitious, durable founders building magical companies. The firm invests in trailblazing software and technology solutions that help people do the work rather than merely manage it. Through partnership with founders who prioritize creative thinking and capital efficiency, Ground Game helps build highly impactful companies. For more information, visit www.ground.game.

About Elevate Ventures

Elevate Ventures empowers entrepreneurs through investment and collaboration. They are the #1 most active early-stage VC in the Great Lakes Region and top 10 in the United States. Elevate invests in high-potential, cross-sector innovative companies at the pre-seed, seed, and Series A stages. To learn more about Elevate Ventures, visit elevateventures.com.

Contacts

Katie Schimmel
Outlook Marketing Services
katie@outlookmarketingsrv.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, Indianapolis, Stellar, Venture Capital

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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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