Orby AI, a Sunnyvale, CA-based AI platform designed to democratize the use of Generative AI to automate repetitive human processes, emerged from stealth and raised $4.5 million in seed funding.
The round was led by Pear VC and New Enterprise Associates, with participation from Wing VC.
The funding will be used to further the development of the AI platform and grow the team. Orby has partnered with some of the world's largest tech enterprises and medium-sized companies during its beta-stage development.
The company aims to help automate repetitive tasks such as finance and accounting processing, ticket resolution for customer support, and inputting lead management data for sales teams.
Orby's AI platform works by observing a user's activities, identifying repetitive work steps, and automatically generating code to automate those tasks. It then learns from human feedback, becoming smarter over time with no coding involved.
Company: Orby AI, Inc.
Raised: $4.5M
Round: Seed Round
Funding Month: May 2023
Lead Investors: Pear VC and New Enterprise Associates
Additional Investors: Wing VC
Company Website: https://www.orby.ai/
Software Category: Generative AI Software
About the Company: Orby AI is building the next-generation AI platform to bring the "auto-complete" experience to everyday business users and automate all mundane and repetitive tasks. The company's platform observes and learns from users' day-to-day work and automatically creates scripts to automate both rules-based tasks and more complex tasks that require AI and ML, enabling companies to automate tasks related to finance, HR, supply chain, and other departments.
Source: https://www.prnewswire.com/news-releases/orby-ai-emerges-from-stealth-announces-funding-to-build-generative-ai-software-that-learns-what-you-do-and-does-it-for-you-301820206.html