Israeli AI startup Augmented Intelligence (AUI),has raised $20 million through a SAFE (Simple Agreement for Future Equity) deal.
This agreement gives AUI a valuation cap of $750 million, meaning the company’s exact value for new investors will be decided in its next funding round.
The funding round included existing backer eGateway Ventures and several investors from the Israeli fund New Era Capital. With this, AUI’s total funding has reached about $60 million. Around a year ago, the company had raised $10 million at a $350 million valuation cap.
AUI has 45 employees working from its offices in Tel Aviv and New York. The company is building an advanced artificial intelligence platform.
This platform combines two types of AI — generative AI, which understands and creates user messages, and symbolic reasoning, which helps the system make decisions and perform logical tasks.
Co-founder Ohad Elhelo said that AUI’s combined approach allows the system to handle goal-based conversations, like booking a hotel or opening a bank account. Traditional large language models (LLMs) are good at open-ended chats but still face challenges with these structured, task-focused interactions.
Elhelo shared that AUI’s symbolic model is already being used by several Fortune 500 companies.
He explained that the main benefit of AUI’s technology is its cost efficiency — it removes the need to train large, expensive AI models, which helps cut down operating costs by a big margin.
He also mentioned that AUI is working on a strategic partnership with Google. The goal is to help consumer brands, retailers, and e-commerce companies use cloud-based conversational agents to improve their customer interactions.
Elhelo said AUI’s vision is to create “one big model” capable of serving multiple clients at scale, as opposed to the industry’s prevailing approach of building bespoke solutions for each customer. The new round will allow the company to expand its New York presence and prepare for its next commercial growth phase.
Read more- Goyaz Raises INR 130 Crore in Series A Funding from Norwest to Expand Silver Jewellery Brand
