Portal26 raises $9m to expand GenAI adoption platform

Portal26 raises $9m to expand GenAI adoption platform

Portal26, a GenAI Adoption Management Platform helping enterprises manage and measure artificial intelligence implementation, has secured $9m in a Series A funding round.

The funding was led by Shasta Ventures, with participation from Fusion Fund and the venture arm of a Fortune 500 financial services institution. The company had previously raised $6m in seed funding in 2022.

Portal26 provides visibility, governance, and strategic analytics to help businesses adopt and manage generative AI securely and effectively. Its platform allows enterprises to detect and manage Shadow AI, enforce policy, perform forensic audits, manage AI risks, and educate employees.

The new funding will be used to accelerate Portal26’s growth and continue advancing its product innovations.

Portal26 CEO Arti Raman said, “As enterprises across the world invest in Generative AI, they understand that a platform to manage and measure all aspects of AI adoption is essential to fully realize the potential of this transformative technology. We built Portal26 to provide the visibility, security, governance, and strategic analytics necessary for companies to manage their transition for the new normal of how work gets done in the enterprise.

“We are excited to partner with Shasta to expand our ability to enable companies to successfully extract the full value of Generative AI.”

Shasta Ventures managing director Jacob Mullins said, “At Shasta Ventures, we look for visionary founders and companies who are solving important problems in transformative ways. We are excited to partner with Portal26 and to provide the resources and support needed to accelerate its growth.

“As the first and leading GenAI Adoption Management Platform, its innovative approach to finding GenAI in the enterprise, securing it, and enabling measurable ROI, is a great example of the kind of leadership and creativity we seek to back. We look forward to helping Portal26 continue to build something extraordinary and sustain its strong growth.”

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