A ways back, I caught wind of a funding announcement from a new Portland startup called Fiveonefour, composed of former Nike folks. Well luckily, we have real journalists in our midst who can tell a more complete story. Malia Spencer over at the Portland Business Journal shares that the total amount raised has actually been $17 million.
The $17 million in funding is the total amount raised over two early rounds since the company started in 2023. The latest infusion was led by Dimension Capital. Also participating in the round is Stage 2 Capital, Flybridge Capital Partners, Ridge Ventures, Tokyo Black Venture Capital and Vermillion Cliffs.
“In a world of AI hype, Fiveonefour is unlocking one of the biggest challenges in the enterprise today: developing and leveraging a solid data foundation to solve real problems with AI,” said Nan Li, founder and managing partner at Dimension Capital in a written statement. “With its open source core and focus on the developer, Fiveonefour is uniquely positioned to push data and analytics into the bright AI future.”
For more on the startup, read the PBJ piece or visit Fiveonefour.
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