Abstract, a NYC-based artificial intelligence company developing a legislative and regulatory platform, raised $4.8M in Seed funding.
The round was led by Bonfire Ventures and Communitas Capital.
The company intends to use the funds to further enhance its platform to deliver peak intelligence and context.
Led by CEO Pat Utz, Abstract provides a platform that synthesizes millions of legislative and regulatory data points, pulling real-time information from over 145,000 government bodies, social media and news trends. It also uncovers and contextualizes nuanced connections and implications that are missed in manual review, providing context for how news, media, and regulatory shifts may impact a company. By integrating with existing workflows and leveraging a proprietary database of over seven million regulatory records, Abstract surfaces the most relevant risks and opportunities specific to each business’ needs and risk profile, surpassing any corporate teams’ ability to manually assess what external changes might pose a risk or opportunity to the enterprise.
Since its founding, Abstract has worked with over 200 organizations, including Fortune 500 companies, AMLaw 200 firms, non-profits and government bodies.
FinSMEs
09/01/2025