Ragie Secures $5.5M Seed Funding from Craft Ventures, Valor, Saga VC and Chapter One

Ragie, a new AI company founded by industry veterans Bob Remeika and Mohammed Rafiq, offers developers a platform to build AI applications connected to their own data efficiently. The company provides a fully managed RAGasaService platform that simplifies the process of building production applications using RAG, a technique that leverages a companys data for generating insightful content. Ragies solution streamlines data ingest pipelines, retrieval APIs, and offers advanced features like Summary Index and Entity Extraction.

The $5.5M seed funding round was led by Craft Ventures, with participation from Saga VC, Chapter One, and Valor. The funding will be used to further develop Ragies platform, expand its features and functionalities, and enhance its capabilities for developers. Ragie aims to provide a comprehensive solution for AI application development, enabling developers to connect and sync their applications with data from various sources such as Google Drive, Notion, and Confluence.

The investors in this round recognize the potential of Ragies technology and vision for simplifying AI application development. With this funding, Ragie plans to grow its user base, enhance its developer tools, and continue innovating in the AI space. The companys focus on providing a userfriendly experience for developers and offering advanced features sets it apart in the AI industry.