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Tektonic AI raised $10M to build GenAI Agents for business operations

Jun 06, 2024over 1 year ago

Amount Raised

$10 Million

BellevueMachine LearningArtificial IntelligenceSoftware

Investors

Point72 VenturesMadrona

Description

Tektonic AI, a company developing GenAI agents for enterprise processes, announced $10 million in funding led by Madrona and Point72 Ventures. Co-Founded by Nic Surpatanu, Tektonic aims to automate the manual workflows that other methods couldn’t address.

Company Information

Company

Tektonic AI

Location

Bellevue, Washington, United States

About

Tektonic AI develops GenAI agents for enterprise processes to eliminate repetitive and inefficient tasks. Co-founded by Nic Surpatanu and David Hsu, the company aims to rethink business processes with a service layer combining neural and symbolic AI. Tektonic AI is backed by Point72 Ventures, Madrona Ventures, and Madrona Venture Labs.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech