Financial risk management platform Pillar raises $20M seed in round led by a16z

What Happened

Pillar, a 2023-founded financial risk management platform, raised $20 million in seed funding led by Andreessen Horowitz. The company uses AI to automate hedging processes for commodity-driven businesses like metals traders and airlines. Co-founder Harsha Ramesh said the platform analyzes contracts, cash flows, and inventories to manage risk continuously. Other investors include Crucible Capital, Gallery Ventures, and Uber CEO Dara Khosrowshahi. Total funding reached $23 million.

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