TrueState secures $1.5 million in seed funding to deliver AI app development in days

Jun 18, 2024•over 1 year ago

Amount Raised

$1.5 Million

Round Type

seed

SydneyArtificial IntelligenceSoftware

Investors

Imprint Capital PartnersGalileo VenturesSide Stage VenturesAirtree

Description

TrueState, founded by former McKinsey QuantumBlack consultant Will Ashford, has secured $1.5 million in seed funding to offer a platform with AI application templates for businesses. The funding was led by Airtree, Side Stage Ventures, Galileo Ventures, and Imprint Capital Partners.

Company Information

Company

TrueState

Location

Sydney, New South Wales, Australia

About

Most businesses spend 10-20 months to meaningfully implement AI due to significant technical barriers. After years of experiencing this struggle first hand at McKinsey & Company and in Private Equity operations, Founder & CEO Will Ashford started TrueState to simplify the process of building high-performance AI systems. The result is a new breed of AI platform focused on simplicity, speed and impact. Complete with a library of pre-built and proven AI use-cases, like predictive maintenance, advanced supply chain optimisation and personalised customer retention recommendations, businesses get their first AI results in a fraction of the time while maintaining the same high calibre outcomes.

Related People

1 contact

Funding Insights

Based on industry data

VC-backed spending patterns