RALEIGH – Raleigh-headquartered artificial intelligence startup Diveplane raised $25 million, according to a statement on Monday.  And with those funds, the company plans to expand its investment in the company’s AI solutions and allocate capital to grow the company’s client base.

The funding round included investments from Shield Capital, Sigma Defense LLC, Calibrate Ventures, and L3Harris Technologies.

“We founded Diveplane with the mission of putting humanity back into AI, and we’re succeeding,” said Mike Capps, co-founder and CEO of Diveplane in the statement.  “This support adds rocket fuel to our business, so we can build on our successful approach to helping companies innovate with our Reactor platform. ”

Capps is the former CEO of Cary-headquartered Epic Games.

The company received multiple accolades from Gartner in 2021, and Gartner analysts also estimated that the market for artificial intelligence software would reach $62 billion for the calendar year 2022 with a growth rate of more than 30 percent through 2027, according to the company’s statement.

“Big picture, we want to keep human decision-making in automated systems,” Capps told WRAL TechWire last year.  “We call it, keeping the humanity in AI,” he said.

Artificial intelligence startup in Raleigh has the smarts to be a billion dollar company

Now raised about $35 million

Diveplane had previously raised a total of about $10 million, including support from soccer stars Mia Hamm and Megan Rapinoe, both of whom have won two World Cups and Olympic gold medals playing soccer for the U.S. Women’s National Team.

The Series A round brings the total funding raised by the company to about $35 million.

“As we continue to innovate and deliver next generation technology to the DoD, the greatest opportunity to transform the battlefield is providing artificial intelligence, machine learning and advanced analytics at the edge,” said Matt Jones, CEO of Sigma Defense, in the statement. “Diveplane’s unique position in the AI market aligns perfectly to our vision of autonomously connecting people, systems and data and discovering new insights from that data faster and more effectively.”

Unlocking ‘black-box’ AI: Q&A with Diveplane’s Michael Capps