Quantum Rise secures $15M seed for its AI-powered 'Consulting 2.0' startup
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AI-Driven Automation Startup Raises $15 Million
Chicago-based startup Quantum Rise, which specializes in AI-driven automation, has secured a $15 million seed round of funding. The company, known for assisting businesses like the retail analytics platform dunnhumby, follows an approach similar to that of UIPath. However, Quantum Rise offers a broader perspective on the AI challenges that organizations face, with additional support to ensure successful implementation.
Quantum Rise's Unique Approach
Using what is referred to as a “Consulting 2.0” model, Quantum Rise deploys AI to automate various corporate workflows, create tailored AI solutions, and expedite overall business processes. The startup aims to marry human and machine intelligence to provide substantial value to its clients.
Market Potential for AI-Driven Automation
The potential market for AI-driven solutions appears promising. Consulting giant BCG anticipates that by 2024, one-fifth of its revenue will stem from assisting corporations with AI integration, a figure expected to rise to 40% by 2026. Additionally, IBM has already secured over $1 billion in sales commitments related to generative AI. These developments indicate an expanding market, creating opportunities for agile startups like Quantum Rise.
Leadership Perspective
Quantum Rise’s founder, a veteran in the field, highlights the immense opportunity in integrating human and machine intelligence. “The entire consulting industry is about to come crashing to the ground because it's built on people's time and lack of automation," observed the founder. "We will bring heavy engineering to the space. The number of CEOs of these $300M companies who don't know where to start is enormous. They can't afford the Deloittes of this world. That’s where we come in. They want somebody to come in and just automate the company and make it happen.”
Endorsement from Investors
Terry Graunke, chairman and CEO of Erie Street Growth Partners, underscored the expertise of Quantum Rise's team in applying data, automation, and AI to enhance human intelligence and drive business growth. “The Quantum Rise team uniquely understands how to apply data, automation, and AI to augment human intelligence and drive growth,” he stated.
In summary, Quantum Rise aims to fill a significant niche in the AI-driven automation space, capitalizing on the increasing demand for efficient and automated business processes. With substantial backing and a clear market focus, the startup is well-positioned to make a significant impact.
