Handraise Closes $6.4M in Seed Funding

Handraise, an Austin, TX-based AI company enabling brands to increase the impact of their press coverage, raised $6.4m in seed funding. The funding round was led by Silverton Partners, with additional participation from Floodgate, Bill Wood Ventures, Firebrand VC, Aperiam Ventures, Active Capital, Sputnik ATX VC, Capital Factory, and a handful of angel investors. Founded in 2023 by Matt Allison, CEO, Handraise provides an AI platform that helps PR and communications professionals deliver business impact through insights and amplification. The company is leveraging large language models to deliver insights without the manual effort. Allison previously started and built TrendKite into the world’s top media monitoring and analytics platform, which was acquired by Cision in 2019 for $225 million.