Orby AI, a Mountain View, CA-based generative AI solution for enterprises, raised $30 million in Series A funding.
Investors
The round was co-led by prominent investors New Enterprise Associates (NEA), Wing VC, and WndrCo, with additional participation from Pear VC.
New Enterprise Associates (NEA) is a venture capital firm founded in 1997. Based in Menlo Park, California, and Washington, D.C., NEA invests across diverse industry sectors, from seed to growth stages, with offices in major global cities including Baltimore, Bangalore, Beijing, Boston, Mumbai, New York City, San Francisco, and Shanghai.
Founded in 2013, Wing Venture Capital is devoted to early-stage, long-term company building in the AI-first technology stack. Based in Palo Alto, California, the firm invests in technology-based businesses.
WndrCo is a venture capital investment firm based in Redwood City, California. Founded in 2016, the firm seeks to invest in sectors such as future of work software, consumer technology, cybersecurity, and companies focused on the consumerization of software.
Orby AI Use of Funds
The company will use the funds to accelerate the development and commercialization of its generative AI process automation platform, powered by an advanced large action model (LAM).
About Orby AI
Founded in 2022 by Bella Liu and William Lu, Orby AI focuses on developing advanced generative AI solutions designed for enterprise automation. The platform observes how workers perform tasks and uses AI to automate them. Orby's technology incorporates real-time learning and adaptation, enhancing its ability to understand and act on unstructured data within enterprises. With a vision to transform how businesses handle repetitive and complex workflows, Orby AI leverages innovative technologies such as large action models (LAMs) and neurosymbolic programming.
Funding Details
Company: Orby AI, Inc.
Raised: $30.0M
Round: Series A
Funding Month: June 2024
Lead Investors: New Enterprise Associates (NEA), Wing VC, WndrCo
Additional Investors: Pear VC
Company Website: https://www.orby.ai/
Software Category: Generative Process Automation
Source: https://www.globenewswire.com/news-release/2024/06/27/2905144/0/en/Orby-AI-Raises-30-Million-to-Deliver-the-First-Large-Action-Model-for-AI-Automation-Unlocking-Unrivaled-Enterprise-Efficiencies.html