Erudit AI announced securing $500k in capital investment from The Venture City, Lontananza Investments and business angels.

Erudit AI, a Madrid, Spain-based developer of a SAAS solution for HR, announced in a press release raising $500K of seed capital.

The funding was provided by Spanish investors, including The Venture City, Lontananza Investments and business angels from Spain. At the same time, the company joins The Venture City’s growth program and incorporated in the United States.

Erudit AI, founded in 2019 by Alejandro Martínez and Ricardo Michel Reyes, develops AI-powered SaaS Software that aims to contribute to improviding employees productivity by tracking people's real potential or specific development needs considering individuals with their whole set of skills, behavioral patterns, mental moods and emotional traits.