Go.AI raises $85 million Series A to deploy on-premise AI infrastructure for regulated industries (finance, healthcare, government), positioning itself as an enterprise-AI layer.
Go.AI, the leading provider of on-premises, examiner-ready AI infrastructure for regulated industries, announced an $85 million Series A funding round led by Updata Partners, with participation from existing investors GFT Ventures and LAUNCH. The raise brings total funding to $90 million.
The announcement follows Go.AI's rebrand from Go Abacus earlier this month and caps a year of significant momentum, including the launch of The Go1, the industry's first on-prem AI hardware and software solution purpose-built for regulated organizations.
"When Lisa Gillespie and I cofounded the company, we were two people with a big idea," said David Moscatelli, Co-Founder and CEO of Go.AI. "Today we have over 50 team members, and the company we've built is doing exactly what we said it would do for the institutions that trust us most. This funding lets us keep building at that pace, but the thing I'm most proud of isn't the growth number, it's the education. AI doesn't have to be something people fear or don't understand. Done right, it works alongside the people who use it. That's what this round lets us prove, at scale."
The company has grown rapidly, reaching more than 200 customers. Annual recurring revenue has increased more than 8x year over year, and the company continues to be profitable. Go.AI's customers run on-premises AI deployments processing more than 12.5 million queries per day, with primary focus areas in financial services, healthcare, aerospace and defense, and manufacturing.
Go.AI will use the funding to expand its engineering team, accelerate development of its software operating system Go.OS and hardware line, and scale go-to-market efforts as it expands beyond regulated industries into a broader set of compliance-minded organizations.
"Go.AI built the AI stack that regulated institutions can actually deploy: software and hardware that live inside the customer's secure environment with no proprietary data going to a third party, all at a fixed fee with no per-token surprise costs," said Carter Griffin, General Partner at Updata Partners. "Go.AI's combination of explosive growth and profitability is exactly what we look for at Updata. We are thrilled to partner with David, Lisa, and the entire Go.AI team."
The company intends to continue expanding its team while investing significantly in training and client advisory to deepen customers' understanding of secure, on-premises AI capabilities. This includes a forthcoming company podcast series and expanded marketing initiatives designed to counter fear-based narratives surrounding AI adoption, demonstrating how organizations can adopt the technology confidently and responsibly.