A San Francisco-based company is relocating to Birmingham following a local investment.
Alabama Futures Fund recently invested in CModel Data Inc., which is developing a tool that uses artificial intelligence to apply data to perform business strategy simulations. The CModel platform allows business managers to determine the actions required to achieve specific business outcomes.
CModel was recruited to Birmingham through the combined efforts of AFF and Birmingham Bound. The company's CEO, Teasha Cable, will also relocate to the Magic City in connection with the investment, which was an undisclosed amount.
“Relocating our company to Alabama marks the beginning of an exciting new chapter," Cable said. "With our recent investment from AFF and the support of Redhawk Advisory as a trusted partner, we are poised to unlock unprecedented growth and innovation. Birmingham’s vibrant startup environment and Alabama’s strategic location are the perfect ingredients for our company's success. We look forward to creating a brighter future, both for our business and the local community.”
This represents the 19th investment from AFF since the Fund launched in the third quarter of 2018. Redhawk Advisory LLC is the investment manager of AFF and advised AFF on the CModel investment.
“CModel represents a startup that will truly move the needle for its customers," said Redhawk Partner Matt Hottle. "Augmented intelligence platforms like CORA are, usually, financially unattainable for mid-market businesses. Combining the latest AI and machine learning technology with modeling simulations that will help businesses make better decisions, faster, is a game-changer.”
The company has a cloud-based software platform named CORA, which is a personification of the company’s software platform capabilities and functions that uses data, generative AI and input from human experts, including curated data from a collection of best practices provided by industry experts in business management. Users interact with CORA through a typed prompt interface. Once a prompt is entered, CORA asks a series of questions of the user that start as generalized, high-level questions with multiple-choice answers and then drill down into more detailed inquiries. Based on the answers provided by the user, CORA will then run simulations to illustrate what business conditions need to be met to achieve the desired outcomes.
