Krista Software, the Dallas-based creator of the AI-led intelligent automation platform Krista, has closed its Series A follow-on funding round. The round was led by Rally Ventures and Grotech Ventures, with participation from new investors Seyen Capital and 4S Bay Partners.
While the amount of this funding round was not disclosed, SEC filings show Krista has secured at least $27.2 million in equity funding and an additional $4.6 million in debt financing.
According to SEC Form D filings, Krista’s most recent raises include $6.6 million in equity as part of an $8 million offering in October 2024 and $4.6 million in debt in December 2023. That follows an announced $15 million equity round in February 2022, which was previously tied to its Series A.
Krista said the new funding will be used to expand research and development efforts, advance Krista’s AI capabilities based on customer feedback, and strengthen its market position as a transformative AI solution for enterprises globally.
The company said the additional investment reinforces its leadership in the AI automation space and positions the company for “continued growth and innovation.”
Specifically, Krista said the funding will focus on advancing AI capabilities and automation solutions, expanding Krista’s engineering team to deliver innovative features and seamless integrations, and strengthening strategic partnerships to address new industry verticals and enterprise use cases.
Jahani and Associates, a New York City-based global investment bank, served as the exclusive financial advisor to Krista Software during this transaction.
Quincy Preston contributed to this report.
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