CredCore Secures $16 Million to Enhance AI in Debt Investment

CredCore has announced a $16 million Series A funding round, led by Avataar Ventures, to revolutionize enterprise debt investment through AI technology announced in a press release. The funding round also saw participation from Inspired Capital, Fitch Group, BellTower Partners, and senior executives in asset management and financial services.

CredCore aims to address the technological gap in the $5 trillion enterprise credit industry by leveraging domain-specific AI to accelerate deal throughput and enable customers to scale their teams and assets under management (AUM). The company's platform supports some of the largest asset managers and corporations in the US, overseeing over $650 billion in AUM.

The CredCore solution suite covers the entire debt deal lifecycle, from pre-deal evaluation to post-deal management. Its Agentic platform allows customers to analyze and extract insights from deal-related documents in hours, significantly speeding up capital deployment. The new funding will be used to expand AI capabilities, grow the team, and enhance the platform to support a broader range of credit market participants and deal types.