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Bridgetown Research CEO Harsh Sahai. (Bridgetown Photo)
Bridgetown Research, a Seattle-based startup that uses AI to help investment firms and corporate teams supercharge their research efforts, raised $19 million in a Series A round led by Lightspeed and Accel.
Founded in 2023, Bridgetown builds AI agents that crawl the internet and analyze datasets for various research use cases, such as assessing potential investments or acquisitions.
The company also gathers unique data from customer surveys and its agents that can conduct voice interviews with industry experts. The ability to collect proprietary data could give Bridgetown an edge over similar AI-powered research tools from OpenAI and others.
Bridgetown has reached a few million dollars in revenue within four months of its product launch. The company makes money from annual platform fees and variable fees based on usage. It also offers on-demand reports on a pay-per-report model.
Bridgetown co-founder and CEO Harsh Sahai previously worked in strategy consulting at McKinsey and spent time at Amazon in applied machine learning.
The Series A round also included participation from an unnamed leading research university. Sequoia Capital is also a backer.
“Companies are built on the quality of strategic decisions, and the research and analysis behind it,” Ishaan Preet Singh, an investor at Lightspeed, said in a statement. “Bridgetown Research enables the smartest executives and investors to make these decisions with an order of magnitude more information, and at a pace that was earlier impossible.”
