D.C.-based Sorcero announced that it has been selected for three of the West Coast-based Plug and Play Tech Center’s accelerator programs.
The startup provides tools to help a company’s team members to make it easier to find answers to questions, including the AI-powered KnowledgeBot. Sorcero’s natural language processing (NLP) platform was created to help provide decision support for life science and insurance enterprises.
Sorcero was the only startup selected for Plug and Play’s life sciences, insurtech and enterprise 2.0 programs at once, according to a press release.
“We are thrilled to welcome Sorcero to the Plug and Play Ventures portfolio,” said investor Nick Chow in a statement. “Their enterprise NLP platform can help fill the large and growing need for scalable AI solutions for our partners’ digital transformation programs.”
This accelerator acceptance also came with some funding for Sorcero: The startup reported that Plug and Play Ventures joined in on existing investments for its pre-seed funding round, which has now closed at $1.6 million total. Sorcero has now added the venture firm to its investor list including Castor Ventures, Upscale Fund, Jane.vc and University of Maryland’s Dingman Angels.
“Sorcero is delighted to join the Plug and Play ecosystem and portfolio,” said founder and CEO Dipanwita Das. “Their global innovation platform offers the opportunity to rapidly learn from and provide solutions to the world’s leading corporations.”
Sorcero continues to scale since Das first hit the Vinetta Project pitch stage more than a year ago. The startup also launched a partnership with D.C.-based tech inclusion nonprofit Byte Back earlier this year, bringing its AI software into tech classrooms to make learning and retaining information easier.-30-