PAI-TECH

Company Overview

Snapshot

Founded in June 2018 by Tamir Fridman and Ron Friedman, PAI-TECH operated with 1–10 employees. The company raised $1.5 million across one funding round from one investor. PAI-TECH was acquired by Horizon Holdings in July 2019.

Business overview

PAI-TECH develops a Bot Operating System Standard that provides a digital workforce of intelligent bots based on advanced AI algorithms. These bots offer real-time autonomous and distributed solutions across various sectors, aiming to enhance cybersecurity, reduce workforce costs, minimize human errors, and enable real-time data analysis. The company's quantum-safe system provides customizable and scalable solutions for enterprises and SMBs, operating within the Business Software sector, specifically focusing on IT, R&D & Data Solutions, Product Development Tools, Software Development Tools, and IT & Network Management.

Strategic signal

In July 2019, PAI-TECH was acquired by Horizon Holdings for $8.8 million. This acquisition positioned PAI-TECH as the technological arm of Horizon Holdings, with a commitment of up to $1 million in working capital for the subsequent twelve months. This event signals a strategic integration of PAI-TECH's AI bot technology into a larger entity, indicating a growth-positive trajectory and expanded resources for product development and market penetration.

Company Intelligence Q&A

When was PAI-TECH founded?

PAI-TECH was founded in June 2018.

Who are the founders of PAI-TECH?

PAI-TECH was co-founded by Tamir Fridman and Ron Friedman.

What was a significant corporate milestone for PAI-TECH?

In July 2019, PAI-TECH was acquired by Horizon Holdings for $8.8 million, positioning PAI-TECH as the technological arm of Horizon Holdings.

How much capital did PAI-TECH raise?

PAI-TECH raised $1.5 million in a single funding round from Entrio.

Which investor participated in PAI-TECH's funding round?

Entrio participated as the lead investor in PAI-TECH's $1.5 million funding round.