Iterate.ai Raises $6.4M to Revolutionize Secure AI Deployment at the Enterprise Edge

Strategic Funding to Lead Enterprise AI Innovation

Iterate.ai has successfully raised $6.4 million in a funding round led by Auxier Asset Management, alongside notable investors including Peter Cobb, Mike Edwards, and Dave Zentmyer. These investors share a history with Iterate's CEO Jon Nordmark, having previously served on the board of eBags, an influential online travel retailer.

Pioneering AI Solutions for the Edge

The team behind Iterate.ai anticipated AI’s rise early, rebranding with a ".ai" domain in 2015, long before AI became mainstream with tools like ChatGPT. Their flagship products, Generate Enterprise and Interplay, embody this foresight. Generate is a privacy-first AI assistant designed to run locally on enterprise edge devices, while Interplay is a patented low-code platform enabling the creation of sophisticated AI workflows without vendor lock-in.

Practical Approach to Enterprise AI

Investor Peter Cobb highlights Iterate.ai's pragmatic focus on real-world challenges, such as enabling powerful AI to operate offline on edge devices and dramatically reducing deployment costs from millions to thousands. Generate leverages Retrieval-Augmented Generation (RAG) workflows to perform language model inference and document search entirely on-device, enhancing privacy and performance for sectors like retail, healthcare, and government.

Interplay: Building Autonomous AI Workflows

Interplay complements Generate by providing a visual, drag-and-drop environment for building agentic AI systems — autonomous agents capable of executing complex, context-aware tasks across various data sources and APIs. It integrates a spectrum of machine learning models, from Small Language Models optimized for embedded hardware to Large Language Models for advanced understanding, supported by vector databases for semantic search.

Expert Leadership Driving Innovation

Co-founder and CTO Brian Sathianathan brings deep expertise from his tenure at Apple’s Secret Products Group, where he contributed to the first iPhone. His hardware-software optimization skills enable Interplay to adapt seamlessly across diverse chipsets including Intel, AMD, NVIDIA, and Qualcomm.

Proven Track Record and Strategic Partnerships

Veteran investors emphasize the team’s robust experience in product development and enterprise markets. Partnerships with technology giants like NVIDIA, Qualcomm, and TD SYNNEX underscore Iterate.ai’s credibility and readiness for large-scale enterprise adoption.

Security and Scalability at the Core

Security and data sovereignty are critical in AI deployment. Iterate.ai’s platforms offer air-gapped deployments, role-based access controls, and on-premises inference engines, ensuring enterprises maintain strict control over their data. Modular design and zero-trust architecture allow rapid deployment with or without cloud connectivity.

The Future of AI on the Edge

As enterprises seek localized, secure, and cost-effective AI solutions, Iterate.ai’s focus on on-device AI workflows positions it at the forefront of this transformation. With projections estimating over 100 million AI-enabled PCs by 2025, tools like Generate and Interplay provide scalable, private, and governance-friendly options that integrate smoothly into existing infrastructures.

Iterate.ai’s approach signals a shift from monolithic cloud-based AI models to distributed, enterprise-controlled systems that prioritize privacy, modularity, and operational integration. This recent funding round supports their mission to deliver secure, scalable AI solutions embedded deeply within enterprise operations.