Remesh, a software company that is reinventing market research through artificial intelligence (AI), today announced the closing of its $2.25 million seed investment round that brings its total funding to $3.85 million. The round is led by LionBird Ventures, a venture capital firm investing in early stage digital health and business services companies with offices in Tel Aviv and Chicago. The round also includes a market research holding company and individuals, representing a mix of new and returning investors.

"We believe that Remesh has shown real potential to change the way brands, consultants and agencies listen to feedback from their audiences," said Ed Michael, Managing Partner at LionBird Ventures. "Remesh has recognized a way to solve for a number of inefficiencies in market research using artificial intelligence. This new model not only replaces legacy systems, but establishes entirely new market research workflows."

Jenny Fielding, Managing Director at Techstars, added, "Remesh has an impressive team of tech experts and business leaders who consistently execute. We are thrilled to be supporting them as they scale their solution globally."

Remesh is able to deliver unparalleled depth of customer insight because of its unique AI-powered model. Qualitative insights are collected in real-time in a chat-style format and validated by quantitative scale, then instantly arranged in interactive charts that allow conversation leaders to analyze and cut data with a click, a process that takes hours or days with traditional market research methods. This technology can be used to add efficiency to market research, as well as create new ways of gathering employee feedback at large enterprise companies, among other applications.

The funds will be deployed to further develop and iterate on the ground-breaking artificial intelligence technology that has allowed Remesh to define a new category in market research. The funds will also be used to bolster client service and expand Remesh's reach in the market.

Remesh has raised $1.6 million in pre-seed funding to date from Techstars, a world-renowned accelerator, and several VC firms and angel investors. Remesh has won several awards since its inception in 2014, including first place in the 2016 Insight Innovation eXchange Competition.

About Remesh
Remesh revolutionizes the way groups give and receive feedback by using artificial intelligence to harness collective thought. Applicable to a variety of industries, primarily market research and human resources, Remesh uses artificial intelligence to cull hundreds of answers into one single representative answer instantly, then generates interactive charts of expansive data sets that describe the group's answers. By querying this data, conversation leaders can glean actionable insights in seconds, all in an engaging, chat-style format. Remesh was founded in 2014 by a team of ex-Googlers, academics, physicists, consultants, political operatives, and other over-caffeinated masterminds and is a graduate of the Barclays' Techstars Accelerator. Remesh has attracted more than $3.85 million in pre-seed and seed investment and has won several industry awards. To learn more, visit remesh.ai.