Karus has filed a notice of an exempt offering of securities to raise $8 Million in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Karus is raising up to $8,000,000.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Karus
Karus is an AI engine specifically designed for the auto finance industry, offering end-to-end support through a suite of AI-powered products. The company provides solutions for automation at the point of origination, post-origination portfolio valuation and management, and data insights via cutting-edge LLMs. Karus’s AI models are trained on over 20,000,000 auto loan outcomes and utilize more than 1000 features, including deep credit history, loan terms, collateral risk, and macroeconomic conditions. Their services, such as real-time underwriting, FlowKGPT, and Intex/private portfolio forecasting, have processed over $5 billion in origination volume and scored over $10 billion in seasoned portfolio volume.
To learn more about Karus, visit https://www.karus.ai/
Karus Linkedin Page: https://www.linkedin.com/company/karus-inc/
Contact:
Aaron Travis, Chief Executive Officer
404-909-4801
https://www.linkedin.com/in/aaron-travis-9645276/
SOURCE: http://www.intelligence360.io
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