Alabama Futures Fund Invests in CModel Data: BIRMINGHAM, Ala., Oct. 30, 2023 The Alabama Futures Fund (AFF) recently invested in CModel Data, Inc., a company formerly based in San Francisco, California. CModel specializes in developing a data modeling and business intelligence tool that leverages artificial intelligence (AI) to apply native, curated data and client-generated data for business strategy simulations. Following the investment, CModel, led by CEO Teasha Cable, will be relocating its headquarters to Birmingham, Alabama.
The business landscape has seen substantial investments in collecting, curating, analyzing, and storing data. Data plays a pivotal role in the Business Intelligence market, projected to reach a $56 billion annual market value by 2033, with a 7.1% Compound Annual Growth Rate (CAGR).
CModel’s flagship product is the cloud-based software platform named “CORA.” CORA personifies the company’s software capabilities, utilizing historical client-generated data, generative AI, and insights from human experts. Users interact with CORA through a typed prompt interface, answering generalized, high-level questions that lead to more specific inquiries. Based on user responses, CORA runs simulations to illustrate the necessary business conditions for desired outcomes.
The decision to move to Birmingham was a collaborative effort between AFF and Birmingham Bound. Teasha Cable expressed excitement about the move, stating, “Relocating our company to Alabama marks the beginning of an exciting new chapter. With our recent investment from AFF and the support of Redhawk Advisory as a trusted partner, we are poised to unlock unprecedented growth and innovation. Birminghams vibrant startup environment and Alabamas strategic location are the perfect ingredients for our company’s success. We look forward to creating a brighter future, both for our business and the local community.
This marks AFF’s nineteenth investment since its launch in Q3 of 2018. Redhawk Advisory, LLC, serves as the investment manager of AFF and provided guidance on the CModel investment.
Redhawk Partner Matt Hottle shared enthusiasm about CModel, stating, CModel represents a startup that will truly move the needle for its customers. Augmented Intelligence platforms like CORA are usually financially unattainable for mid-market businesses. Combining the latest AI and machine learning technology with modeling simulations that help businesses make better decisions, faster, is a game-changer.
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About Alabama Futures Fund, LP: AFF aims to make seed and early-stage investments in Alabama-based operating companies or those willing to relocate to Alabama. AFF targets portfolio investments demonstrating high growth potential, led by coachable and adaptable founding teams, and focused on large total addressable markets.
About Redhawk Advisory, LLC: Redhawk is a registered Investment Advisor with offices in Birmingham. Established in 2018 by Matt Hottle and Mickey Millsap, Redhawk focuses on identifying investments in early-stage startups with high growth potential across various industries.