AI-powered edtech startup PETE secures $2m seed funding to power next generation workforce learning

Orlando-based AI edtech startup PETE, has concluded its seed funding round, securing $2 million. The funding was led by Cofounders Capital, a prominent early-stage seed fund focused on B2B software ventures in the Southeast United States. The round also included capital from angel investors in the Orlando area.

This funding marks a significant milestone for PETE, propelling the young company into an exciting phase of growth. PETE was founded by Jacques Fu, who co-founded Stax, Orlando's first homegrown fintech unicorn, and Luis Garcia, the former Vice President of Emerging Technologies at Full Sail University and founding executive of its online degree programs.

Since its founding in June 2023, PETE has rapidly garnered industry attention and onboarded several partner clients to leverage its cost-effective AI-powered learning solutions for personalized and adaptive training experiences. PETE will use the capital infusion to amplify the company's sales efforts and strategic marketing initiatives and continue the development of its patent-pending proprietary AI technology. 

David Gardner, Founding Partner, Cofounders Capital: "From the outset, we've been thoroughly impressed with the sophistication of the PETE technical solution and the track record of this management team. The potential for AI to dramatically disrupt the corporate education space is something we have been following closely, and we have found the right tech and team to back in this space."

As a platform, PETE empowers enterprises to scale their training effortlessly with unlimited AI-powered content and unlimited courses for unlimited learners. From tailored onboarding programs to dynamic sales and compliance training, PETE is an end-to-end learning solution for creating and managing digital courses in your own branded virtual academy – no training department is needed.

Luis Garcia, President, PETE: "We are beyond excited to embark on this partnership with Cofounders Capital, which will bring us much more than just financial advantage. The intellectual assets and collaborative opportunities with their seasoned team are invaluable resources to us. Their extensive knowledge and experience in the B2B SaaS sector will drive us forward, refining our strategies and accelerating our growth trajectory. This partnership represents a pivotal step in our journey. We are eager to leverage this collaboration to its fullest potential and benefit from the wisdom and insights of having such a seasoned investor."

www.pete.com