AI start-up Zerve raises $3.8m in funding round

RDJ advised Irish data science and artificial intelligence (AI) start-up Zerve on its US$3.8 million pre-seed funding round led by Elkstone Ventures, with angel investors such as Algolia chief technology officer Sean Mullaney and Rob Hickey, former EVP of engineering at DataRobot also backing the company.

Established in 2021, the Tipperary-headquartered company has developed a cloud-based coding platform that is designed to help data science and development teams collaborate and share outputs more easily.

The funding round will allow the company to increase its staff numbers and strengthen its research and development function.

The RDJ transaction team included Sarah Slevin, Bryan McCarthy and Conor Moran.

Learn more about RDJ’s Corporate Finance team here.