Summation Technologies, Inc.

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Summation Technologies, Inc. - overview

Established

2024

Location

Bellevue, WA, US

Primary Industry

Software

About

Summation Technologies, Inc. is a US-based enterprise software company specializing in Decision-Grade AI solutions that provide actionable insights for leaders across industries. Founded in 2024 and headquartered in Bellevue, US, Summation Technologies, Inc. focuses on providing sophisticated AI-driven insights to enhance decision-making for enterprises.


The company has engaged in 2 deals since its inception. The founder's history and previous ventures are not disclosed. Summation's core offering is its Decision-Grade AI Platform, designed to empower enterprise leaders with actionable insights. This platform integrates various systems, including ERP, CRM, and EPM, to provide a comprehensive view of an organization's data landscape.


By automating workflows and enabling real-time reporting, Summation addresses critical use cases such as identifying hidden profit drivers, streamlining financial operations, and uncovering revenue growth opportunities within data silos. Key features include the AI Calculation Engine, which performs extensive drill-down analyses to surface strategic insights, and Deep Dive, which allows analysts to explore thousands of questions in parallel. The platform is tailored for large enterprises across diverse industries, with notable clients such as Fanatics Commerce. Summation's solutions are marketed primarily in North America, Europe, and parts of Asia, targeting sectors that require enhanced data analysis and decision-making capabilities.


Summation generates revenue through a subscription-based model for its Decision-Grade AI Platform, which is offered to enterprise clients. Clients typically engage in partnerships that include initial setup and ongoing support, which are structured around annual or multi-year contracts. These agreements often encompass various tiered pricing plans based on the scale of the deployment and the specific functionalities chosen by the client. The platform's pricing reflects its extensive capabilities, including real-time reporting and automated workflows designed to improve operational efficiency across finance, revenue, and operations teams.


While specific pricing details are not disclosed, the revenue model is aimed at facilitating long-term relationships with businesses that seek to leverage AI for strategic decision-making and growth. Summation Technologies, Inc. plans to utilize its recent SEED funding led by Benchmark to develop new features within its Decision-Grade AI Platform and expand into new markets. The company aims to launch additional analytics capabilities by the end of 2025, specifically targeting the European and Asian markets to enhance its global footprint.


The seed funding will support product development and market entry efforts, ensuring that Summation can meet the evolving needs of enterprise clients seeking advanced AI solutions. In October 2025, Summation Technologies, Inc. raised USD 35 million in series A funding led by new investor Kleiner Perkins, with participation from returning investor Benchmark. Individual investors also participated in the round.


Current Investors

Benchmark, Kleiner Perkins

Primary Industry

Software

Sub Industries

Analytics & Performance Software, Application Integration Software

Website

www.summation.com

Verticals

Artificial Intelligence, Mobile Apps

Company Stage

Series A

Total Amount Raised

Subscriber access only

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