Ascerta raises $18 million to quantify AI investment value for enterprises

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Ascerta has raised $18 million in Series A funding to provide tools for enterprises to measure the return on investment for their artificial intelligence spending. This funding aims to help businesses understand the value derived from their AI initiatives and address a gap in current metrics.

Key facts

• Ascerta has raised $18 million in Series A funding.
• The company aims to help enterprises assess the value generated by their investments in artificial intelligence technologies.
• Many businesses reportedly invest significantly in AI but lack clear metrics to gauge the return on these expenditures.
• Ascerta's platform seeks to provide clarity on the financial impact of AI deployments.
• The funding round was led by Addition, with participation from existing investors.