AI Start-Ups Currently Raising: Private Equity Intelligence Platform, Customer Growth Assistant and a Sales Co-Pilot
Plainr, RightBrain and OnBeat are three AI founder (teams) looking for funding
Start-up funding in 2023 has been predominantly shaped by generative AI assistants, a trend that will continue through the end of the year and well into 2024. This post is about three AI start-ups who are currently looking to raise funding. If you are an investor and would like to get in touch, reach out for contact information.
Bonus for San Francisco readers: Raiz Capital is organizing a start-up mixer and investor breakfast featuring 7 promising AI start-ups on November 9th and 10th in SF. Details at the end of the post.
Plainr is solving the intelligence generation friction that Private Equity Managers face in deal due diligence, ongoing portfolio management and client reporting. As an intelligent front office assistant, it aims to unify investment team work and streamline repetitive workflows. It uses Machine Learning to aggregate financial services specific unstructured and structured data in order to assist with the assessment of investment opportunities, reduce desktop due diligence and deal completion time and support companies in evaluating market and supply chain risks.
Plainr’s primary use cases are investment analysis, wealth advisory and private asset analysis and it is being developed to aggregate news and public market data, social and consumer data and company proprietary data. Its target audience are Heads of Research, CIOs and Client Management leaders at PE firms, as well as Market Analysts, Product Managers and Advisors working with them.
Rightbrain empowers client-facing teams to increase productivity, improve customer outcomes, and unlock growth by integrating Generative AI into their workflows. This is achieved by connecting data silos across different sources and formats, searching their enterprise knowledge and accessing essential information on-demand.
The platform allows users to compose content using domain-specific data in best practice formats to assist them with tasks such as drafting bids, proposals, blogs or responses to support tickets.
The tool includes built-in compliance, data, and security controls, as well as other key features, such as:
Retrieval Augmented Generation to address concerns related to intellectual property and hallucinations.
Support for multiple ML models to provide flexibility for specific use cases and domains.
Granular role-based access controls so end users only have access to relevant documents and data.
Integration of private LLMs for enhanced security and data ownership.
Integration with data sources and 3rd party platforms like Google Drive, Notion, Slack, Dropbox, and Zendesk to provide a holistic view of your company knowledge and minimise context switching.
Headquartered in the UK, Rightbrain is being developed by an experienced engineering team with a track record of delivering enterprise-grade tech for companies including Google, Microsoft, Apple and Github. The tool is gaining early traction across the finance, tech, and professional services sectors, especially among growth-focused businesses.
OnBeat is a Sales co-pilot which aims to significantly improve how information is shared between Go-to-Market and Product teams to improve alignment, reduce process inefficiencies, and enhance productivity.
The platform’s focus is on enabling AI in three key stages of the sales information management process:
Accessibility: The AI assistant supports the sales team by understanding their context, pipeline, and personality. It can provide highly personalized information from various sources. For example, it can summarize a product release meeting based on what is relevant to a prospect in their pipeline.
Documentation: It will make it much easier for companies to document their knowledge, for example through identifying subject matter experts within the organization. It can then scan internal tools like Slack and JIRA, and prompt these experts for input, creating initial drafts to assist in the sales process.
Curation: Our system ensures accuracy and coherence by scanning each new process update and document against the existing information. This ensures that teams always have the most reliable data at their fingertips to assist with prospective customer meetings.
OnBeat’s primary target market consists of B2B SaaS companies with Sales and Product teams that struggle with information overload and process inefficiencies. Specifically, the pain seems to be most common among start-ups and scale-ups that experience significant growth, especially after Series B or later funding rounds.
The company was founded by Taimoor and Jeremy, a two-person team, each with over a decade of experience in their respective fields. Taimoor has built and led Revenue Operations and Strategy teams at high-growth SaaS companies. And Jeremy brings extensive expertise in building technology and Data Engineering teams at early-stage start-ups and scale-ups. Their shared passion is to solve real business problems using AI.
OnBeat’s founders are interested in finding investors who understand the SaaS and AI landscape and share their vision for efficient information management. Beyond financial support, they value partners who can offer strategic advice and open doors to industry connections.
Bonus: Raiz Capital is hosting two events in San Francisco to introduce the first cohort of AI start-ups in its XLR8 program. The accelerator has selected seven Pre-Seed start-ups for you to meet, identified through a combination of traditional vetting methods and innovative AI algorithms aimed at predicting founder success. Join them on November 9th for a networking mixer and on November 10th for an investor breakfast. Register here and here!