Chicago-headquartered Go.AI, which develops on-premises artificial intelligence infrastructure tailored to the compliance requirements of banks, healthcare organisations, and other regulated sectors, has completed an $85 million Series A fundraising round. Updata Partners led the round, with prior investors GFT Ventures and LAUNCH also participating, bringing the company's total funding to $90 million.

The funding announcement follows the organisation's rebranding from Go Abacus and concludes twelve months of growth that included the unveiling of The Go1, an on-premises AI hardware and software platform designed for regulated industries. Over that period, the company grew its client base to more than 200, with annualised recurring revenue rising more than eightfold compared to the prior year, while maintaining profitability.

On-premises AI systems operated by enterprise clients are collectively processing more than 12.5 million requests per day, with the greatest volume concentrated in financial services, healthcare, aerospace and defence, and manufacturing sectors.

The platform delivers dedicated AI infrastructure that operates entirely within a regulated institution's own environment, integrating both software and hardware components so that no confidential data is transmitted outside the client's systems. Built around the compliance and oversight requirements of regulated industries, the platform enables companies to deploy AI in live environments rather than keeping it confined to pilot projects, with pricing structured as a flat fee rather than consumption-based billing.

The allocated capital will be directed toward expanding the company's Go product. The firm reduced its engineering workforce during the development of that product. Go.AI is also broadening its operating system software and hardware portfolio while scaling up sales and distribution channels, with the aim of reaching compliance-driven organisations beyond its established regulated-sector clientele.

The company intends to expand its workforce while directing additional investment toward training programmes and client advisory services focused on deepening customer knowledge of secure, on-premises AI solutions. Those plans include an upcoming podcast series and a broader promotional campaign aimed at addressing apprehensions around AI adoption and guiding organisations through the process of integrating the technology.

Go.AI co-founder and CEO David Moscatelli noted that when he and fellow co-founder Lisa Gillespie established the company, the two had little more than an ambitious vision. The organisation now employs more than 50 staff and has delivered on the commitments made to its partner institutions. Moscatelli said the funding is expected to sustain that pace of growth, and that the training and learning component has drawn more attention than the expansion figures themselves.

Moscatelli also stated that artificial intelligence is a technology that can be made accessible and understandable to the general public, and that when implemented effectively, the technology functions in collaboration with its users.

Updata Partners general partner Carter Griffin remarked that the funding round would allow the firm to demonstrate its capabilities at scale. Griffin noted that the company developed an AI infrastructure stack designed for deployment within regulated industries, with both software and hardware operating entirely inside the client's own secure environment so that no proprietary data is transmitted to external parties, and that the service operates on a flat-rate basis with no variable charges tied to usage volume.

Updata regards the pairing of rapid sector growth with strong financial returns in AI as an attractive investment profile. The firm has announced a collaboration with Moscatelli, Gillespie, and the Go.AI team.