Lowenstein Sandler represented Pienso, an Arlington, VA-based company offering an interactive AI platform anyone can use to turn text data into insights with no coding required, in their $10 million investment round. The round was led by Latimer Ventures, with participation from Gideon Capital and returning investors SRI, Uncork, and Good Growth Capital.
The company intends to use the funds to grow its team and continue to shift the way companies approach AI development.
Pienso provides a platform that trains an AI model without having to write any code. Users can wrangle Large Language Models (LLMs) on their own data, and make it easy to annotate massive volumes of text, which can then be used to train algorithms. Plus, the platform is interoperable across all major LLM providers and can be deployed in the cloud or on-premise. The company is built so companies can deliver precise insights with AI, all while maintaining data sovereignty and avoiding the need to share data with third parties.
The Lowenstein deal team included Carl J. Hessler, Sean Campbell, Claire Dronzek, Tina Aoun, and Chynara Tolubaeva.
