Artificial intelligence is becoming commonplace in business, with millions of companies adopting AI for various reasons. The influence of AI is reflected in the funding, with 2021 a record year for global AI funding, with $20 billion worth of backing flowing in during Q2 of 2021 alone.
While funding rates across the board are slowing in 2022, AI ventures are still picking up backing.
The latest AI-related company to disclose funding is Graft, a startup founded in 2021 with the aim of “bringing the power of AI to everyone.” It raised $4.5 million in pre-seed funding with contributions from GV and New Enterprise Associates.
Before disclosing its funding in May 2022, Graft secured its exact-match domain, Graft.com. The company looks to have acquired Graft.com in 2021 from a Florida-based company called Graft Multimedia Marketing.
It looks like the company secured Graft.io around the same time as Graft.com. Graft.io may have been acquired via Afternic, according to Whois history.