Durham AI startup Resultid raises $3.2M in equity

Durham AI startup Resultid raises $3.2M in equity


DURHAM – Resultid, Inc., a Durham-based, Techstars-backed startup, has raised more than $3.2 million in equity financing from six investors, according to an SEC filing.

The company, which according to its website, enables “better business decisions, curated data-driven insights,” is led by CEO Aditya Badve, also a company cofounder.

Badve, who attended Greensboro Day School, then a joint program between the University of North Carolina at Chapel Hill and North Carolina State University, was also a partner in NanoVest, which participated and then graduated from the Launch Chapel Hill Accelerator and received a Carolina Challenge Grant, according to Badve’s LinkedIn profile.

According to the website, the purpose of the company is to “amplify research through comprehensive data and augment analysis with AI to equip organizations to make better investment decisions in technology.”

Investor, alumni power: Carolina Angel Network turns 5 with growing capital, backers, startup funding

For businesses and universities

The company’s product serves business customers and university clients.

“Research institutions lie at the heart of innovation and need to rapidly determine the commercial opportunities and risks of intellectual property,” the website reads.  “Resultid automatically matches your IP to science and market data so you start faster with better results.”

For businesses, the platform built by the company can provide “a complete picture of the risks and opportunities in deep tech research, development and investment,” according to the website.

Capital is not the largest challenge new startups face, talent is, according to David Gardner of Cofounders Capital.

Startup Spotlight: Lack of capital is no longer the biggest problem startups face – it’s talent

Startups looking for funding should check out 2 federal programs – webinars to explain the process





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Kassie Hoffman
Kassie pens down all the news from the world of politics on ANH.