Market Map and Analysis: Gen AI Business Productivity Companies
Building the space are AI meeting assistants, enterprise knowledge base platforms and app building tools
Enterprise Productivity has a great deal to gain from the advent of Generative AI and there are a multitude of companies building tools to make knowledge work (and not only) more effective. They are building intelligent assistants to speed up individual tasks, such as scheduling meetings, taking notes and summarizing business documents, to more complex workflows, such as building a user interface or coding an entire application.
The 3 segments included in this space are: AI Meeting Assistants, Business Knowledge Base Platforms and Application Building Tools.
AI Meeting Assistants Make Administrative Work a Breeze
Meeting assistants powered by generative AI automate tasks such as scheduling, note-taking, and action item tracking, enabling teams to focus more on the actual content of the meetings. The assistants can understand and interpret discussions, extract key insights, and generate comprehensive meeting summaries.
Companies in this space are:
Fathom is a multi-purpose AI meeting assistant which records, transcribes, highlights and summarizes meetings in 7 languages. It integrates with business productivity applications and can create a single, searchable repository for meeting information. Based in San Francisco, CA, Fathom raised their $US4.7M Seed round in January 2022.
Fireflies, with a mission to transform conversations into actions, is an AI meeting assistant which allows users to add comments, pins, reactions to specific parts of conversations and share soundbites. Featuring an app store and a Chrome extension and integration with a wide variety of business productivity applications, Fireflies provides a very versatile AI meeting assistant. Based in Pleasanton, CA, the company raised US$19M Series A round in March 2023.
Otter provides Otter Pilot, an AI assistant with whom you cand chat during meetings, ask questions and get answers about discussion points and decisions. It offers live transcript, allows comments and highlighting and assigning of action items. Otter is based in Mountain View, CA and it last raised US$50M in its Series B round in February 2021.
Air is a sales process and meetings product suite with features such as a dialer for leads, a checkout platform with financing and eSignatures and an AI sales agent to automatically qualify leads. With a mission to help small businesses grow, Air is based in Miami, Florida.
Prodigal is an AI intent engine for financial services agents which guides its users through calls, analyzes and summarizes discussions and scores and completes conversations. Prodigal integrates with call centers and it can be used in the auto finance, collections, healthcare revenue management and banking and lending sectors. Based in Mountain View, CA, it has raised US$12.1M Series A in July 2021.
Business Knowledge Base Platforms Gather, Store and Retrieve Company Insights
Generative AI-powered knowledge base platforms deal with information management and retrieval within enterprises. These platforms automatically generate and organize vast amounts of data, creating a centralized repository of knowledge accessible to employees across the organization. They retrieve relevant information, answer queries, and provide real-time insights, helping to keep employees in the loop today and over time.
Companies in this space are:
Mem, with the mission to make knowledge work into more knowledge and less work, provides a knowledge base analysis and search tool which saves information, captures thoughts and chats with the user about its content. Its use cases include discovering past ideas and generating content from saved knowledge. Based in Los Altos Hills, CA, Mem raised a US$29.1M Series A in November 2022.
Parrot is building its assistant for people who believe that the future of work should be anywhere. Its AI assistant records business experiences such as video conferences, presentations and customer calls, then turns them into knowledge to be stored, searched and share. Based in Concord, MA, Parrot raised a US$11M Series A round in June 2023.
Ask.ai, with the tagline “The one sentence answer you need”, Ask aggregates text-heavy company knowledge and customer communications to generate a 360 view of company knowledge, product documentation and customer feedback. Based in Tel Aviv, Israel, the company raised US$9M Seed round in October 2022.
Xembly provides an automated Chief of Staff for every worker to handle administrative tasks. With use cases such as calendar management and meeting summaries, it can be used by HR, Customer Support and Product Management professionals. Based in Seattle, WA, Xembly raised a US$15M Series A round in March 2023.
Sanam, with a mission to change the way the worls learns, is an AI-powered learning platform that finds, shares and harnesses company knowledge in order to build employee on-boarding and training courses. Based in Stockholm, Sweden, Sana raised a US$62M Series B in May 2023.
Viable is a tool for quantitative data analysis, report generation and reasoning over multi-dimensional data. It is used for insights from employee surveys, NPS scores, sentiment analysis, customer support tickets, market research and sales meetings. Based in Oakland, CA, it raised a US$10.9M Seed series in September 2021.
App Building Tools Aim to Simplify Start-Up Life
Application building tools leverage machine learning algorithms to automate the coding process, interface design, distribution and SEO for a new project. By simplifying and accelerating the development cycle, generative AI enables startups to prototype, test, and deploy applications more rapidly, accelerating time-to-market
Brain Technologies, with the tagline “We build computers that think”, provides Natural AI, a generative app interface creation tool that enables the user to say what they want to do and have the app form itself around the prompt. Based in San Mateo, CA, Brain Technologies raised US$51M in July 2022.
Spiritt aims to set the new standard in how to start a start-up with their No-Code, No-Design app building tool. With integrated app distribution and SEO, the company builds towards speeding up the app prototyping, testing and market validation for any start-up. Based in San Francisco, CA Spiritt raised a $5.5M Pre-Seed round in July 2022.
it’s missing the ChatGPT for anh documents: sharly.ai