A native generative AI solution, built from the ground up by true AI experts, Ask-AI Secures $11M Series A Funding led by Leaders Fund with participation from seed investors Vertex Ventures, State of Mind Ventures, GTMFund and others which brought the total amount to $20M.
Read also – Grip Invest Secures $10 Mn Series B Funding From Stride Ventures and Others
The funding will be used by the business to grow both its operations and growth initiatives.Over the coming year, the startup intends to significantly grow its 40-person staff in response to the growing enterprise need for useful AI solutions. Ask-AI, according to David Stein, managing partner at Leaders Fund, offers a “breakthrough” productivity solution that is ready for mass market deployment.
Read also – Israel-based GeneNeer Secures $1 Mn Seed Funding
“Executive teams are excited about the promise of AI, and want to take advantage of the technology to make their employees more productive and their customers more satisfied,” said Alon Talmor, founder and CEO of Ask-AI, “but they quickly realize that building AI into their workforce systems is more difficult than expected. What they really want is an out-of-the-box application that doesn’t rely on employees asking the right questions. It should tell employees what they need to know – answers, insights and actions – before they know what they need.”
Read also – RGA Announces Strategic Investment DigitalOwl
“We surveyed the market and saw that many solutions were trying to bolt gen AI onto their legacy solutions, leading to limited capabilities and data accuracy issues.” Said Gadi Vered, Senior Vice President Customer Support and Implementation at Own “Other companies were presenting slideware; Ask-AI is delivering useful Gen AI solutions today that are deeply ingrained with our employee workflows, highly accurate, and constantly delivering valuable insights”.
Read also – OKX Ventures Announces Strategic Investment in Matr1x
“Enterprises want to use Gen AI to access and act on the knowledge that resides within their siloed systems,” said David Stein, Managing Partner at Leaders Fund. “Ask-AI is the only native Gen AI platform with live enterprise-wide deployments in world-leading companies. The platform enables employees to get answers from enterprise data and take smart actions to complete their work faster. We are excited with the amount of demand Ask is seeing from the market and the value their customers are already realizing. We think it will be a winner in this category.”
Read also – eCargo Secures US$5 Mn Private Debt Facility
About Ask-AI
Ask-AI uses breakthrough AI-NLP to aggregate text-heavy company knowledge & customer communications, surfacing pinpointed answers to your questions and revealing product insights that would otherwise be undiscoverable.
Read also – Malaysia-based Cult Creative Secures RM500k Seed Funding From The Hive Southeast Asia
