NEON advises Balderton on $8.3 million funding round of Levity

27 October 2022 | NEON has advised Balderton Capital on the $8.3 million seed funding round of AI startup Levity.

Founded in 2019 by Gero Keil (CEO) and Thilo Huellmann (CTO), no-code AI company Levity enables non-technical individuals to create custom AI-powered workflow automations through easy-to-use AI blocks and templates. In doing so, AI automation speeds up employees’ manual processes and reduces time-consuming tasks.

Here, unstructured data types such as images, texts or documents are read, evaluated and processed by the system so that, for example, an email with an attachment is labeled and forwarded and contained documents are assigned to the correct folders.

In addition to lead investors Balderton Capital and Chalfen Ventures, Angular Ventures, System.One and renowned angels also participated in the financing round. The newly acquired capital will enable Levity to invest in the further expansion of its no-code AI platform as well as strengthen its team and brand.

For aspects of US law, NEON has called in Gunderson Dettmer from its network.

Background:

NEON regularly advises on financing rounds in an international context, both on the part of investors and the company. The NEON team has already advised Balderton previously, among others on the Clue financing round.