# Ranger AI funding: rounds and investors

> Ranger AI has raised $11M across 2 rounds since 2025. Investors include Panache Ventures, 25madison and Inovia Capital. Every round with its source.

Source: https://millionrounds.com/company/ranger-ai (Millionrounds; every figure on the page links to its filing or article)

United States · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Ranger AI*

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI

Raised 6 months ago

Funding summary Updated 26 Oct 2026

**$11M** raised across 2 rounds since 2025, from 2 sources

**$2.5M** Pre-seed **$8.4M** Seed

- **Latest round:** Seed, $8.4M May 2026
- **Step-up i:** 3.4×
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$2.5M** Pre-seed

**$8.4M** Seed

- **First round:** Pre-seed, $2.5M
- **Biggest round:** $8.4M
- **Between rounds:** 14 months

## The rounds

- **May 2026** Seed **$8.4M** *2 new* *2 returning* [Inovia Capital](https://millionrounds.com/fund/inovia-capital) [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) [Panache Ventures](https://millionrounds.com/fund/panache-ventures) [25madison](https://millionrounds.com/fund/25madison) Source recorded
- **Mar 2025** Pre-seed **$2.5M** *2 new* [Panache Ventures](https://millionrounds.com/fund/panache-ventures) [25madison](https://millionrounds.com/fund/25madison) Source recorded

## Founders and team

From Ranger AI's own website: 4 on the team.

- **James Zhan** Chief Executive Officer
- **Sari Saadi** Head of Partnerships
- **Kitty Tang** Staff Engineer
- **Yumna Adel** Technical Account Manager

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Pre-seed** 2025 **Seed** 2026 [Panache Ventures](https://millionrounds.com/fund/panache-ventures) [25madison](https://millionrounds.com/fund/25madison) [Inovia Capital](https://millionrounds.com/fund/inovia-capital) [Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures)

## Everyone who backed them

[Panache Ventures](https://millionrounds.com/fund/panache-ventures) VC firm **2** rounds

[25madison](https://millionrounds.com/fund/25madison) Accelerator **2** rounds

[Inovia Capital](https://millionrounds.com/fund/inovia-capital) VC firm **1** round

[Bonfire Ventures](https://millionrounds.com/fund/bonfire-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=ranger-ai).

## Quick answers about Ranger AI

### Who invested in Ranger AI?

Ranger AI's investors include Panache Ventures, 25madison, Inovia Capital and Bonfire Ventures.

### How much has Ranger AI raised?

Ranger AI has raised $11M across 2 rounds since 2025.

### When did Ranger AI last raise?

Ranger AI's most recent round was a Seed of $8.4M in May 2026.

### What was Ranger AI's biggest round?

Its most recent round, $8.4M in May 2026, is also its largest on record.

### Who backed Ranger AI first?

Ranger AI's first round on record, in Mar 2025, was backed by Panache Ventures and 25madison.

### What stage is Ranger AI at?

Ranger AI's latest named round is a Seed, in May 2026.

### Where is Ranger AI based?

Ranger AI is based in the United States.

## Companies like Ranger AI

In the same sector, and raised in the last eighteen months.

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app