Intel spinout Articul8 raises Series B at $500M valuation

Enterprise AI firm Articul8 has raised more than half of its planned $70 million Series B round. The company is now valued at $500 million and plans to expand across Europe and Asia.

Funding details: $70 million (planned) (Series B)

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Articul8, an enterprise AI company spun out of Intel in 2024, has raised more than half of a planned $70 million Series B round. The round values the company at $500 million before the new money comes in.

The funding is being raised in two parts. The first close is led by Adara Ventures. Founder and CEO Arun K. Subramaniyan said the full round is expected to close in the first quarter of this year, though the exact amount of the first tranche was not shared.

The new valuation is a sharp jump from Articul8’s $100 million post-money Series A in early 2024. Since then, the company says it has signed contracts worth more than $90 million in total. Its customer list includes AWS, Intel, Hitachi Energy, and Franklin Templeton.

Subramaniyan said the company was not forced to raise money. Articul8 is already bringing in revenue and expects annual recurring revenue to cross $57 million this year, with nearly half of that already booked.

Articul8 builds AI systems that run inside a customer’s own IT setup. These systems are designed for regulated sectors like energy, manufacturing, finance, and aerospace, where data control and audit trails matter more than speed alone.

The fresh capital will be used to deepen product development and to grow outside the U.S. Europe is a key focus, helped by Adara’s local presence. The company is also expanding in Japan and South Korea, where it has started working with large enterprises.

India-based Aditya Birla Ventures is also part of the ongoing round. The company works closely with Nvidia and Google Cloud, while AWS acts as both a customer and a deployment partner.

The news was first reported by TechCrunch.