Karlsruhe-based tech company AskUI has successfully raised €4.3 million in a seed funding round, pushing the envelope in prompt-to-automation platforms that leverage artificial intelligence.
Leading investors and their portfolio
Spearheaded by Eurazeo, the investment round also featured contributions from previous investors 468 Capital, LEA Partners, APX, as well as new player Seedcamp. Angel investors Carsten Thoma and Christian Stiebner rounded out the financial backing. Based in Paris, Eurazeo has been investing in SMEs since its inception in 1969. Currently, it manages a sprawling €34.1 billion portfolio, with nearly €24.1 billion acquired from third parties, spread across 590 companies.
Utilising the funds for expansion
The fresh capital will propel AskUI’s ambition to release its first prompt-to-automation model. This model aims to enable users to oversee and automate various processes using natural language. Furthermore, the company plans a global market expansion and team growth. In a rapidly evolving tech landscape, these moves represent crucial steps towards solidifying AskUI’s presence.
The technology behind AskUI
Conventional automation platforms, though robust, present complications in deployment and configuration. These drawbacks often necessitate hefty consultancy fees and a reliance on APIs, leading to frequent software bugs. Conversely, newer platforms, while excelling in user experience, fall short on power and flexibility. They rely on a rigid, one-size-fits-all methodology, making them dependent on specific technology stacks and rule-based processes.
AskUI aims to resolve these issues by blending the strength of advanced AI with the usability of Large Language Models and a combined no-code and code approach. Their platform provides a unique, cost-effective solution for automating intentions rather than just interactions.
Stakeholders weigh in
Nils Seele, Partner at LEA Partners, remarked on the current landscape of automation workflows, pointing out that they require extensive manual effort.
The team at AskUI has crafted remarkable technology that signals the next era in process automation.
Nicolas Debock, Managing Director at Eurazeo, highlighted AskUI’s unique visual AI capabilities. “AskUI’s tech stack is a cornerstone solution for multiple automation processes and use cases,” he noted.
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The investment round underlines the growing belief that AskUI’s unique approach is not only timely but revolutionary. As the company prepares to roll out its first prompt-to-automation model, the industry watches keenly, aware that a significant market expansion is on the horizon.
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