raffle.ai ApS

Based in Copenhagen, Denmark, and founded in 2018, raffle. ai ApS is providing Artificial Intelligence as a Service (AIaaS). In January 2020, raffle. ai ApS raised USD 3 million in seed funding led by new investor Vaekstfonden, with participation from another new investor PreSeed Ventures.

In January 2022, raffle. ai raised EUR 16 million in Series A financing led by new investor K1 Investment Management, with participation from Vaekstfonden. The company was co-founded by Suzanne Lauritzen and Ole Winther. The company offers Raffle's software and API - its Search solutions include Website Search, Workplace Search, and In-App Search.

The platform uses natural language processing (NLP) and natural language understanding (NLU) machine learning so that the user can search both internal documents and a company's website, using contextual learning to understand meaning and intent, making it easier for your customers and employees to find what they are looking for with your very own Next-Gen Enterprise Search Engine. raffle. ai generates revenue through a subscription-based model. Memberships offered include Chabot for SUD 970/month, Professional for USD 1470/month, Business costs USD 1770/month, and the Enterprise package for USD 3270/month.

raffle. ai ApS plans to use the 2022 funding to more than double its headcount by the end of 2022 and continue its penetration into the European and US markets.