The funding round, which had participation from Curql Fund, Michigan Capital Network and other existing investors, will support the development and release of BlastPoint’s prediction technology.

BlastPoint is an AI customer intelligence platform that uses predictive insights and data to help companies to increase engagement, improve operational efficiency and support customer experiences.

Alison Alvarez, chief executive and co-founder at BlastPoint, said: “We are really excited to have MissionOG support our next growth phase. The funding will enable us to build our next generation of AI predictive analytics without sacrificing our ethical standards.

“This investment will accelerate our ability to deliver equitable insights to organisations and directly improve the lives of millions of people navigating financial and energy challenges.”

George Krautzel, managing partner at MissionOG, added: “BlastPoint is tackling some of the most critical challenges facing utilities and financial services providers today, specifically delivering predictive insights that drive engagement, equity and efficiency.

“We believe their responsible approach to AI positions them to lead a rapidly expanding market, and we are excited to support their journey.”