# UpdateAI funding: rounds and investors

> UpdateAI has raised $2.3M across 1 round since 2023. Investors include Andreessen Horowitz, Antler and Stage 2 Capital. Every round with its source.

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

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

# Who invested in *UpdateAI*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Software

Funding summary Updated 26 Oct 2026

**$2.3M** raised across 1 round since 2023, from 1 source

- **Latest round:** Seed, $2.3M May 2023
- **Investors:** 3

See who backed them

## The rounds

- **May 2023** Seed **$2.3M** [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Antler](https://millionrounds.com/fund/antler) [Stage 2 Capital](https://millionrounds.com/fund/stage-2-capital) Source recorded

## Founders and team

From UpdateAI's own website: 6 on the team.

- **Chuck Ganapathi** Chief Executive Officer
- **Brent Krempges** Chief Customer Officer
- **Marilee Bear** Chief Revenue Officer
- **Paul Sheppard** Chief Financial Officer
- **Prem Parameswaran** Chief Technology Officer
- **Angela Fontaine** Head of Teammate Success

## Everyone who backed them

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round

[Antler](https://millionrounds.com/fund/antler) VC firm **1** round

[Stage 2 Capital](https://millionrounds.com/fund/stage-2-capital) VC firm **1** round

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

## Quick answers about UpdateAI

### Who invested in UpdateAI?

UpdateAI's investors include Andreessen Horowitz, Antler and Stage 2 Capital.

### How much has UpdateAI raised?

UpdateAI has raised $2.3M across 1 round since 2023.

### When did UpdateAI last raise?

UpdateAI's most recent round was a Seed of $2.3M in May 2023.

### What was UpdateAI's biggest round?

Its most recent round, $2.3M in May 2023, is also its largest on record.

### Who backed UpdateAI first?

UpdateAI's first round on record, in May 2023, was backed by Andreessen Horowitz, Antler and Stage 2 Capital.

### What stage is UpdateAI at?

UpdateAI's latest named round is a Seed, in May 2023.

### Where is UpdateAI based?

UpdateAI is based in the United States.

## Companies like UpdateAI

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

[**TruAgents** $3.4M · Oct 2026](https://millionrounds.com/company/truagents)[**Fireworks AI** $1.7B · Oct 2026](https://millionrounds.com/company/fireworks-ai)[**VECKTA** $11M · Oct 2026](https://millionrounds.com/company/veckta)[**Punch** $11M · Oct 2026](https://millionrounds.com/company/punch)[**Othello** $8.0M · Oct 2026](https://millionrounds.com/company/othello)[**Applied Intuition** $640M · Oct 2026](https://millionrounds.com/company/applied-intuition)

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