New Frontier Funding, a San Diego, CA-based pioneer in leveraging generative AI to help small and medium-sized businesses (SMBs) find credit and debt funding, closed a round of growth capital from the Homsher Family Office.
The amount of the deal was not disclosed.
This growth capital will fund technology infrastructure, continued development of AI, and making additional leadership hires.
New Frontier bridges this gap by taking the side of the business owner, assessing their business, and then making introductions to the few capital sources who are most likely to fund their company. The company uses its proprietary data and fine-tunes OpenAI’s language models for semantic search and agentic workflows to reduce back-office work and accurately match borrowers with lenders.
FinSMEs
18/07/2024