A data tech company formerly based in San Francisco is moving its headquarters to Birmingham after an investment from the Alabama Futures Fund.

CModel Data Inc. is developing a data modeling and business intelligence tool which uses artificial intelligence, along with data, in generating business strategy simulations. The CModel platform helps business managers game out what’s needed to achieve specific business outcomes.

The amount of the investment was not disclosed. Founded in 2018, the Alabama Futures Fund, or AFF, offers seed-stage investment funding to companies in-state or willing to relocate here. CModel is the AFF’s 19th investment since 2018.

Redhawk Advisory serves as the investment manager of AFF. CModel was recruited to Birmingham through the combined efforts of AFF and Birmingham Bound.

According to CEO Teasha Cable, relocating to Birmingham is a unique opportunity for CModel.

“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,” Cable said. “Birmingham’s vibrant startup environment and Alabama’s 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.”

CModel has developed a cloud-based software platform named “CORA,” which uses historical client-generated data, generative AI and input from human experts, along with curated data provided by business management experts.

CORA asks users a series of questions – beginning with generalized, high-level questions, before heading into more granular inquiries. Based on the answers, CORA will then run simulations to illustrate what business conditions are needed to achieve the user’s desired outcomes.

“CModel represents a startup that will truly move the needle for its customers,” Redhawk Partner Matt Hottle said. “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 will help businesses make better decisions, faster, is a game-changer.”