Aidan Daly
Knexus, an artificial intelligence, machine learning and data science company, announced closing its growth equity funding round with Scare the Bear Capital, an investment firm that supports growing small businesses.
In a press release last Thursday, Knexus CEO Adam Lurie, CEO of Knexus, said, “In 2023, we rolled out our Knexus 2.0 strategy, building on the foundation of the company’s 17-year history and wrapping our AI expertise around the Google AI Tech Stack. Our approach has not just yielded results but drove demand at a pace where we knew we needed a partner. Scare the Bear Capital is perfect.”
Knexus develops AI-enabled solutions and works to help government entities integrate AI methods and capabilities into their workflow. Its partnership with Google has also been an enabler. By combining Knexus’ expertise with Google’s commercial-grade technology, government entities can extract value from AI.
Scare The Bear Capital focuses on government contracting companies with growth potential. Knexus was recently awarded a five-year indefinite delivery indefinite quantity contract by the Defense Logistics Agency to deliver generative AI solutions.
Matthew Dean, managing partner at Scare the Bear, said, “Knexus has demonstrated exceptional execution and a deep understanding of the market.” With the strategic investment, Knexus plans to further capitalize on the growing demand for AI solutions within the government sector.
