TLDR:
AI startup Tektonic AI has raised $10 million to develop software that automates complex workflows using AI technology. The company aims to streamline business operations by building AI agents that can understand natural language queries and help employees complete tasks more efficiently. Tektonic is targeting sales and revenue teams initially, with plans to expand to other industries. The startup differentiates itself by focusing on automating more complicated workflows compared to existing tools like RPA software.
Article Summary:
A new startup in Seattle called Tektonic AI has secured $10 million in funding from Madrona Venture Labs and Point72 Ventures to further develop its software that automates business operations using artificial intelligence technology. The company is focusing on automating complex workflows that involve dynamic processes and data, which current tools like RPA software struggle to handle effectively. Tektonic’s AI agents are designed to understand natural language queries from employees and help them complete tasks more efficiently across different applications and systems.
Tektonic founder and CEO Nic Surpatanu, who has experience at cybersecurity company Tanium and UiPath, believes that existing tools are limited in their ability to streamline intricate workflows with constantly changing contextual requirements. The startup is aiming to bridge the gap between generative AI and computational programs to provide a more efficient solution for businesses. Surpatanu sees this as the future of how tedious work will be done.
The company is currently focused on assisting sales and revenue teams with tasks such as quoting and renewals. Tektonic does not yet have paying customers but is targeting companies with over $50 million in annual revenue. The seed round was led by Madrona and Point72 Ventures, with Tektonic originating from Madrona Venture Labs. The startup’s differentiation lies in its focus on automating more complex workflows compared to other established AI companies.
