r4 Technologies, Inc. the first cross-enterprise AI company servicing organizations across private and public sectors, today announced that it has completed a $20 million Series B round of equity financing led by Pilot Growth Equity. Created by former priceline.com founders and executives, r4’s cloud platform pioneers the application of AI across all enterprise functions and systems. This enables companies to discover and act on significant growth opportunities hidden in large company silos.
“r4’s mission to make AI available as-a-service for business users across the enterprise speaks to the founder’s priceline.com heritage of extracting profit from data,” said Will Lee, Founder and Managing Director, Pilot Equity Growth. “They are the first company to apply AI at the cross-enterprise level and have been building a track record in stealth mode, delivering on the promise of AI to drive significant profit growth for several of the largest global corporations.”
r4’s machine learning technology incorporates diverse data and augments functional silos and existing IT infrastructures, allowing companies to quickly identify and capitalize on previously unseen revenue and profit opportunities. Clients include Fortune 500 companies and large organizations across private and public sectors including Consumer Packaged Goods, Retail, Financial Services and Technology. Proceeds from the financing will be used to support new client acquisition and continued innovation to meet growing market demand.
“There is tremendous value trapped within large company silos and these operational legacies are now actually impeding growth. As markets and competitors advance, it’s costing companies more than they realize,” said Paul Breitenbach, founder and CEO of r4 Technologies, Inc. “There has never been a way for organizations to quickly and cost effectively realize these hidden growth opportunities and align functions to extract far greater revenue and profit. Leveraging the priceline.com DNA, we’ve built the first cross-enterprise software-as-a-service solution that does exactly that. The partnership with Pilot Growth allows us to further accelerate our growth while establishing and leading our category of cross-enterprise AI.”
ABOUT r4 Technologies, Inc.
r4 Technologies, Inc. is the pioneer of cross-enterprise AI. Organizations across private and public sectors deploy r4’s as-a-service AI platform to unlock growth opportunities blocked by traditional approaches. The company is based in Ridgefield, CT with operations in New York, San Francisco, Austin, Washington D.C., Dublin, Munich and London. For more information, please visit www.r4.ai.
ABOUT PILOT GROWTH EQUITY
Pilot Growth Equity is a technology growth equity firm with offices in San Francisco, New York, and Washington, DC. Pilot Growth invests in growth-stage technology companies that require capital and strategic resources to accelerate their growth. Founded by entrepreneurs, Pilot Growth provides its portfolio companies a combination of world class operating, company-building, and advisory expertise, as well as global access to private and public-sector customers. Please visit us at www.pilotgrowth.com.