PETE, a pioneering leader in AI-driven learning platforms, has successfully secured its seed funding of $2 million led by Cofounders Capital, a prominent early-stage seed fund focused on B2B software ventures in the Southeast United States. This significant financial boost, which also included capital from angel investors in the Orlando area, marks a new chapter in PETE’s journey, propelling the company into a promising new expansion stage.
Founded in the heart of Orlando by Jacques Fu, PETE offers a suite of highly valuable and customizable solutions that empower organizations to deliver personalized workforce learning at scale. The platform’s unique strength lies in its ability to develop AI-powered courses tailored for diverse training needs, spanning from onboarding to regulatory compliance, product knowledge, technical skills, and more. It also provides seamless hosting and distribution of content through PETE’s Learning Management System (LMS) and access to a suite of management tools to track learners’ progress. The company’s vision is to become an indispensable part of education and training through pioneering technology that enables adaptive, engaging, and effective learning.
Speaking on the fundraising, President of PETE, Luis Garcia, said:
We are thrilled to embark on this transformative partnership with Cofounders Capital, which brings us far more than just financial advantage. The intellectual assets and collaborative opportunities with their seasoned team are invaluable resources to us. Their extensive knowledge and experience in the B2B SaaS sector will propel us forward, refining our strategies and accelerating our growth trajectory. This partnership represents a pivotal step in our journey. We are eager to leverage this collaboration to its fullest potential and benefit from the wisdom and insights of having such a seasoned investor.
Since its inception in June 2023, PETE has rapidly garnered industry attention and onboarded several partner clients to leverage its cost-effective AI-powered learning solutions for personalized and adaptive training experiences. The PETE team is dedicated to helping organizations of all sizes optimize their training initiatives and maximize their impact without having to hire additional training resources.
David Gardner, Founding Partner of Cofounders Capital, added:
From the outset, we’ve been thoroughly impressed with the sophistication of the PETE technical solution and the track record of this management team. The potential for AI to dramatically disrupt the corporate education space is something we have been following closely, and we have found the right tech and team to back in this space.
PETE will use the capital infusion to amplify the company’s sales efforts and strategic marketing initiatives and continue developing its patent-pending proprietary AI technology.
