Funding

Raily funding news – Germany-based Raily Raises €1.5Million in Pre-Seed Funding

Jun 12, 2024 | By Startup Rise EU

Raily, a company specialising in an AI-driven platform that fosters meaningful human connections, raises €1.5million in pre-seed funding at a valuation of $17M (nearly €15.79M). On the other hand, the investors are yet unknown.

Raily, a company specialising in an AI-driven platform that fosters meaningful human connections, raises €1.5million in pre-seed funding at a valuation of $17M (nearly €15.79M). On the other hand, the investors are yet unknown.

SUMMARY

  • Raily, a company specialising in an AI-driven platform that fosters meaningful human connections, raises €1.5million in pre-seed funding.
  • Raily is a cutting-edge device created with travellers' needs in mind, as some may experience loneliness when visiting unfamiliar regions.

It is committed to using cutting-edge technology to address the pervasive problems of social anxiety and loneliness. By using artificial intelligence to connect users based on their daily routines, interests, and social inclinations, Raily hopes to set itself apart from conventional social and travel apps.

This approach changes mundane duties into chances for genuine participation, offering a welcome change from the current surface-level exchanges on social media.

Read also - Vsquared funding news – Munich-based VC Vsquared Ventures Secures €214 Million in Funding

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The company states that Raily "offers not only the opportunity to find friends and partners but also the understanding of oneself, one's needs, and desires by fusing the science of human behaviour, emotions, and relationships with cutting-edge technology."

The money will support it's efforts to improve its AI algorithms, increase user growth, and strengthen data security measures. Additionally, the business intends to provide additional services like the AI concierge, which makes personalised recommendations for get-togethers and events.

About Raily

Raily is a cutting-edge device created with travellers' needs in mind, as some may experience loneliness when visiting unfamiliar regions. It provides the ability to understand oneself, one's wants, and desires in addition to helping people find friends and companions. It does this by fusing cutting-edge technology with the science of human behaviour, emotions, and relationships.

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