Perfect example of solving for a customer pain point, not innovation for #innovation’s sake. The founder is a physician and hated spending >2 hours daily on summarizing his day’s work, as required by law. This burden is driving people to leave the profession. So, Abridge built an AI app to automate a lot of this admin work and summarization for docs and hospitals. Now, Abridge is blowing up, rightfully so! Their customers (doctors) call the product ‘magical’ and ‘life changing’. A few lessons here: - Starting from real customer pain points is a winning strategy - #AI can add enromous value by solving mundane problems (not every AI application needs to be futuristic) - People with deep experience in an industry can leverage not just their expertise, but their tactical experience with daily hassles, to build great ventures Congrats Shiv and team Abridge, well deserved! 237 Ventures MENA FINTECH ASSOCIATION https://lnkd.in/dwE6nfKJ
Akshay Chopra’s Post
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DocketAI, an AI startup transforming revenue enablement, announced a $15M Series A led by Mayfield Fund and Foundation Capital. The platform leverages Generative AI to reduce costs and provide high-quality support for revenue teams, acting as a virtual Sales Engineer. DocketAI's proprietary Sales Knowledge Lake™ technology speeds up cycles and enhances productivity. CEO Arjun Pillai highlighted, "DocketAI bridges the gap by providing instant, precise sales insights and automating document generation." With integrations across popular tools, DocketAI aims to streamline revenue processes and improve win rates. https://lnkd.in/ed3SiZEk #AI #SalesTech #RevenueEnablement #TechInnovation #StartupFunding
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🚀🔊 Exciting News in AI Voice Technology! 🔊🚀 Hello, tech enthusiasts and everyday consumers alike! I'm here with a fascinating update that could change the way we interact with technology on a daily basis. Imagine a world where AI can talk to you, understand you, and respond almost instantly, just like a real human. Well, that future is closer than you might think! At the start of this year, AI-generated voices weren't able to keep up in real-time conversations. However, Joshua Browder, the CEO of the innovative AI legaltech startup DoNotPay, has witnessed a monumental leap in the capabilities of voice generation models. These advancements have made AI voices not only faster but incredibly realistic, paving the way for more natural and seamless interactions. Why does this matter to you? Imagine canceling a subscription or asking for a refund via a phone call facilitated entirely by AI, devoid of lengthy waits and cumbersome processes. This isn't a scene from a sci-fi movie; it's becoming our reality. Moreover, startups like Hume are taking things a step further by developing technology that can detect emotions in our voices, allowing AI to respond in emotionally appropriate ways. This blend of speed, realism, and emotional intelligence in AI could revolutionize customer service, making our interactions with tech more human-like than ever before. However, it's also wise to consider the implications of such technology, including the potential for more sophisticated misinformation and scams. But focusing on the positives, these innovations could greatly enhance the convenience and efficiency of our everyday tech interactions. What does this mean for the future? We're looking at a world where AI can understand and engage with us on a deeply personal level, making technology an even more integral part of our daily lives. The possibilities are endless, and I can't wait to see where this leads. Stay tuned for more updates on this exciting journey into the future of AI communication. The era of talking to AI as naturally as we talk to each other is just around the corner! #AIRevolution #VoiceTech #FutureIsNow
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$CBDW As the AI Gold Rush Barrels Forward, VCs Explain What Kind of AI Startups They Actually Want to Invest In The key: finding a niche that’s hard to replicate https://lnkd.in/eVrShRSz #chatcbdw #ai #1606corp #investing #otc #capitalmarket #stockinvesting Greg Lambrecht ChatCBDW #MemorialDay
As the AI Gold Rush Barrels Forward, VCs Explain What Kind of AI Startups They Actually Want to Invest In The key: finding a niche that’s hard to replicate
https://cbdw.ai
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11x has raised a $50 million Series B funding round led by Andreessen Horowitz and Benchmark to advance AI-powered digital workers for revenue teams. The funding aims to enhance 11x's digital AI workers, such as Alice and Jordan, AI agents that automate sales processes and increase efficiency. Alice is an AI SDR that manages campaigns and personalizes outreach, significantly boosting response rates, while Jordan is a multilingual phone representative that improves lead response times. The company is developing Alice 2.0, an autonomous AI agent that uses first-party data and learns from interactions to enhance performance. Following the Series A funding, 11x has expanded its team and acquired Opkit, an AI startup, to contribute to developing Alice 2.0. 11x plans to introduce more AI agents, aiming for revenue growth and increased hiring in San Francisco. The company's mission is to replace traditional software with autonomous digital workers, optimizing Go-to-Market workflows for organizations. Read more: https://lnkd.in/e5vKFrhh #ai #artificialintelligence #aistartup #aifunding
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🚀 AI Unicorns Are Taking Over! 🦄✨ A recent CB Insights report highlights that 44% of newly minted unicorns in 2024 are AI-focused, achieving this status in a record median time of just 2 years 🕒—compared to 9 years for non-AI firms. These AI companies are also operating with leaner teams, averaging 203 employees 👥 versus 414 for others. However, over a third of all unicorns haven’t secured funding since 2021, with more than 100 valued right at $1 billion 💰—a clear signal for potential private equity opportunities! 📊 🌟 The AI revolution is shaping the startup landscape. Are you ready to ride the wave? 🌊 https://lnkd.in/gFeNnhRX
AI unicorn formula
research.cbinsights.com
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Trevor Nicks and I always talk about how your ML models are only as good as the data you use. Companies will need to have unique data to gain a competitive advantage. At Caravel Bio, we generate proprietary data using our genetically-encoded enzyme immobilization platform and feed that data into algorithms for a continuous feedback loop. A great article below by 2048 Ventures on their thesis on AI. *Food for thought: The spelling error made by ChatGPT is a commentary in itself on the fallibility of AI alone and the need for real-world validation. https://lnkd.in/gt6hipSa
Our Thesis on AI | 2048 Ventures
2048.vc
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Our mission at xZactly.ai is very simple ... and you can read it below. But what really sets us apart is that we ✅ DO THE WORK, ✅ DELIVER THE RESULTS, ✅ MAKE IT HAPPEN. We DON'T just • TALK ABOUT IT • BILL YOU FOR IT • TAKE CREDIT FOR IT Rather we work 🏁 WITH YOUR TEAM or 🏁 AS YOUR TEAM to 🏁 DELIVER RESULTS that 🏁 ACCELERATE YOUR BUSINESS SUCCESS. If YOU ARE 👉 the Founder of an AI StartUp or High Growth company 🕘 let's find :15 minutes for a quick discussion to see: -- where you are -- where you want to be -- what we can do to help accelerate your pace to getting there. #AI #AIStartup #HighGrowth #BusinessSuccess #TeamWork #ResultsDriven #AccelerateGrowth #StartupFounder #TechInnovation #CustomerSuccess #xZactlyAI #WorkWithUs #BusinessDevelopment #QuickChat #SuccessJourney
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Very excited to have worked with the xZactly.ai team yesterday to clearly articulate our MISSION & APPROACH. If you're the Founder of an AI/ML related Startup, high-growth company, or a VC-backed executive team with a focus on accelerating your business growth - from across the US or located around the world ... ➡ Let's find :15 minutes for a quick intro call. We work directly with ... ➡ Founders, Leadership Teams, and Venture Capital/Private Equity firms to help move their businesses across the following stages of growth --- regardless what stage they are currently in: • Startup & Funding -> $0-$100K ARR • Business Launch -> $100K-$500K ARR • Revenue Growth -> $500K-$1M ARR • Scale -> $1M-$10M ARR • Expand -> $10M-$25M ARR • Monetize -> $25M-$100M+ ARR xZactly.ai Team experience Includes: * Leadership roles at multiple advanced Startup technology businesses with 4 exits by acquisition (#ChiefRevenueOfficer, #ChiefMarketingOfficer #GeneralManager, #ChiefFinancialOfficer, #ChiefStrategyOfficer, #DirectorofSales, #President) * Global corporate experience from Microsoft, Cisco, BNY Mellon, Oracle, American Express, JPMorgan Chase & Co., PwC & CA Technologies * Successful outcomes working with 20+ total Venture Capital (#VC) and Private Equity (#PE) backed portfolio companies * Significant global experience, particularly launching and growing international based businesses in the US market.
Our mission at xZactly.ai is very simple ... and you can read it below. But what really sets us apart is that we ✅ DO THE WORK, ✅ DELIVER THE RESULTS, ✅ MAKE IT HAPPEN. We DON'T just • TALK ABOUT IT • BILL YOU FOR IT • TAKE CREDIT FOR IT Rather we work 🏁 WITH YOUR TEAM or 🏁 AS YOUR TEAM to 🏁 DELIVER RESULTS that 🏁 ACCELERATE YOUR BUSINESS SUCCESS. If YOU ARE 👉 the Founder of an AI StartUp or High Growth company 🕘 let's find :15 minutes for a quick discussion to see: -- where you are -- where you want to be -- what we can do to help accelerate your pace to getting there. #AI #AIStartup #HighGrowth #BusinessSuccess #TeamWork #ResultsDriven #AccelerateGrowth #StartupFounder #TechInnovation #CustomerSuccess #xZactlyAI #WorkWithUs #BusinessDevelopment #QuickChat #SuccessJourney
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Someone had to say it. 🙌🏽 Among other news articles to drop recently, this is one I'm bringing out of the newsletter and straight to you. It's great to see a spotlight on an issue plaguing the AI Industry these days. It's AI being pushed as a standalone product rather than a critical feature of an actual product. Here's a bit of Product Fundamentals I've felt the need to hammer on: *FOCUS ON THE PROBLEM YOU'RE SOLVING!* If your AI model is not directly addressing a problem or making meaningful improvements in a way that an end user can interact with easily, you're not really offering a product. You're offering access-to-a-model-as-a-service. You're leaving a lot of value on the table. The article enabling my rant & my confirmation bias: https://lnkd.in/edHN82AY #AI #growth #startups #VentureCapital #newsletter
Companies keep trying to make AI a product, rather than a feature
xda-developers.com
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Is this one of the best times to found a B2B AI product or Enterprise AI company? It could be. 🚀 Generative AI is breaking the norms of how we think of startups and products, really one of the best videos I've seen on the topic in recent months, by Rob Ferguson and Elad Gil. The way we think of Enterprise AI and AI B2B startups has flipped. This means that there is a window from July, 2024 to maybe December, 2025 where all kinds of interesting startups will emerge at the intersection of Generative AI, Enterprise, B2B and industries once thought too difficult. Skill gaps, Adoption cycles, this talk has it all. Tune in to an insightful conversation with Elad Gil, a prominent investors in the space, Robert Ferguson Head of Microsoft Startups, as they explore the dynamic world of AI innovation. Gain valuable insights into emerging trends, best practices, opportunities in the evolving AI landscape and discover actionable strategies for your entrepreneurial journey. Rob has the unusual title role of "Head of AI Microsoft for Startups". Elad Gil is an entrepreneur, operating executive, and investor or advisor to private companies and seems heavily invested in the Generative AI space, including co-hosing the podcast No Priors. Microsoft for Startups
Experts on AI: Rob Ferguson and Elad Gil
https://www.youtube.com/
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Congratulations to the team. Always great to see tech take away the admin tasks.