Statt Secures $2.8 Million Seed Round to Scale its AI and Data SaaS Platform for Public Policy and Regulatory Insights and Analysis
Summary
The round is led by Moneta Ventures, and includes participation from Clutch VC, Next Coast Ventures and NextGen Venture Partners.Statts latest funding follows a $1.6 million pre-seed round led by NextGen in Nov. 2020, and will enable Statt to expand its sales, marketing, engineering, and machine learning teams to accelerate the development and deployment of its SaaS platform.Statt leverages cutting-edge AI, along with its proprietary global data stream of hundreds of millions of public policy documents to deliver real-time insights, streamline research processes and risk assessment, and enhance decision-making capabilities for large companies, professional services firms, government agencies, and smaller policy organizations seeking to navigate complex regulatory and legislative environments.Statt is led by its two co-founders, Steve Glickman, CEO, and Andrew Platt, Head of Product, who share deep policy backgrounds. Andrew was previously elected to the Maryland General Assembly, served as a congressional leadership staffer, and as an executive at an education and fintech company.We are thrilled to partner with several best-in-class investors as we continue our journey to revolutionize the application of AI to complex flows of information across the public policy and regulatory affairs spaces, said Steve Glickman, Co-Founder and CEO of Statt. Their leadership team and technologists are truly industry experts, and we are excited to support Statt as it brings innovative technology to a space that is ripe for disruption and offers tremendous potential for growth and impact.About StattStatt is a global AI SaaS platform focused on surfacing mission critical public policy, regulatory, and geopolitical insights. Based in Washington, DC and Austin, TX, Statt is dedicated to providing real-time, data-driven solutions that empower large companies, professional services firms, government agencies, and policy organizations to navigate complex regulatory and legislative landscapes. Moneta Ventures has invested in more than 50 companies since 2014, including Mindtickle, Grin, VideoVerse, Aumni, Sibros, and App Orchid.