Generative AI for Automation
Recent news from the world of startups, venture investors, and future-building founders.
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Generative AI For Automation
Kognitos, a company that uses natural language processing automation and Large Language Models such as ChatGPT to enable business users to build automated workflows, raised $6.75M from Clear Ventures, Engineering Capital and Wipro Ventures.
Kognitos is the first company to enable Generative AI for automation in the enterprise, using English as the language of automation.
Their platform is powered by an AI Engine that can interpret the English language just like humans, enabling machines to fully understand a natural language for the very first time and present a plan of action.
The Sprint
Wisor AI, an advanced freight booking software solution which allows freight forwarders to generate quotes and communicate with clients automatically and within minutes, raised $8M from Team8, Ocean Azul, Hico Investment Group, fresh.fund, Atooro Fund, The Dock, Seed IL Ventures, and Izaki Ventures.
Peggy, a secure marketplace to buy, and sell contemporary art, raised $8M from Real Ventures, ZVC, Garage Capital, Portage, Nomad Capital, Bob Harding, David Marcus and UK-based rapper Tinie Tempah.
Latys, a startup delivering a drop-in antenna that extends wireless signals without interference, raised $3M from Rhapsody Venture Partners and TandemLaunch Ventures.
Dotfile, a company that helps organizations automate customer approval and fraud detection so they can onboard clients faster and save on operational costs, raised €2.5M from V13 INVEST, Kima Ventures, Pareto Holdings, Super Capital, Upscalers and Polymatter.
Syndi Health, a digital mental health platform that uses artificial intelligence to recommend well-being support to employees, raised $2M from Founders Factory, Plug and Play, the Syndicate Room Access Fund, Neo Kuma Ventures and Remus Capital.
Inkle, a global tax and accounting SaaS startup that enables US companies created by overseas founders to handle bookkeeping, tax, and compliance filings, raised $1.5M from Picus Capital, Saison Capital and Force Ventures.
Choose Ketamine, a mental wellness company offering ketamine therapy and aftercare programs for patients with mental health issues, raised an undisclosed amount from Manifestations Capital and Notley Ventures.
Fund Talk
Nex Cubed, a venture firm, raised $40M, with $5M invested from Costco Wholesale, to launch the HBCU (historically Black college and university) Founders Fund.
HBCU plans to invest in about 20 startups per year where at least one founder is an HBCU student, alumni or faculty member.
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