Go.AI, an AI infrastructure startup, raises $85 million Series A funding led by Updata Partners, reaching $90 million total.
Go.AI, a Chicago-based provider of private artificial intelligence infrastructure for regulated industries, has raised $85 million in Series A funding led by Updata Partners, with participation from existing investors GFT Ventures and LAUNCH. The financing brings the company's total funding to $90 million.
The company, which rebranded from Go Abacus, now serves more than 200 customers and has increased annual recurring revenue eightfold year over year while remaining profitable. Its customers collectively process more than 12.5 million AI queries daily through on-premises deployments, primarily across financial services, healthcare, aerospace and defense, and manufacturing.
Go.AI was co-founded by CEO David Moscatelli and Lisa Gillespie to enable organizations to adopt AI without relinquishing control of sensitive information or introducing compliance risks. The core challenge the company addresses is fundamental: many conventional enterprise AI services rely on external cloud infrastructure, creating governance, privacy, and regulatory concerns for organizations managing sensitive financial, medical, government, or proprietary information. Transferring such data to third-party AI providers can complicate data governance, contractual obligations, and regulatory compliance.
Go.AI's solution operates entirely within a customer's existing secure environment, combining proprietary software and hardware to enable AI deployment without sending sensitive data to external providers. The platform is designed to operate within existing governance frameworks, making it particularly relevant to banks, credit unions, healthcare providers, defense organizations, and other businesses with substantial compliance obligations.
Central to this strategy is The Go1, an integrated on-premises AI hardware and software solution introduced in 2026, designed to provide infrastructure for running AI workloads directly within a customer's environment. The company is also developing Go.OS, its proprietary AI software operating system, which forms the foundation of its broader infrastructure platform. Together, these offerings provide organizations with a controlled environment for deploying AI applications across their operations.
Go.AI employs a fixed-fee pricing model that eliminates variable per-token charges common in usage-based AI services, making infrastructure expenses more predictable for enterprises operating large-scale deployments. This combination of private infrastructure, regulatory readiness, and predictable pricing has supported the company's expansion among customers moving AI applications from experimentation into production.
The new funding will accelerate development of both Go.OS and the hardware product line, support expansion of the engineering team beyond its current 50+ employees, and fund customer training and advisory services. Go.AI plans to expand beyond traditionally regulated industries to serve a broader range of organizations with significant security and compliance requirements, including expanded educational and marketing programs and an upcoming company podcast series examining practical applications of AI in enterprise environments.
Updata Partners, a Washington, D.C.-based growth equity firm with more than $3 billion in committed capital, focuses on high-growth business-to-business software and software-driven companies. Its investment team brings an average of more than 25 years of technology industry experience.
**David Moscatelli, Co-Founder and CEO of Go.AI:** "When Lisa Gillespie and I cofounded the company, we were two people with a big idea. 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."
**Carter Griffin, General Partner at Updata Partners:** "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 of this at a fixed fee with no per-token surprise costs. 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."