- Chicago-based Quantum Rise, founded by Alex Kelleher, secures $15 million in seed funding from Erie Street Growth Partners.
- The startup specializes in AI-driven automation for enterprises like dunnhumby, emphasizing a supportive approach akin to UIPath’s robotic process automation.
- Under its “Consulting 2.0” model, Quantum Rise integrates AI to streamline workflows, develop tailored AI solutions, and accelerate business processes.
- Market projections suggest significant growth in AI integration services, with consulting firms like BCG and IBM heavily investing in AI capabilities.
- Quantum Rise aims to disrupt traditional consulting models by offering robust engineering solutions for mid-sized enterprises seeking rapid automation and transformation.
Main AI News:
Chicago-based startup Quantum Rise has successfully raised $15 million in seed funding from Erie Street Growth Partners. Founded by Alex Kelleher, previously known for his work with adtech platform Cognitive Match, Quantum Rise specializes in AI-driven automation tailored for enterprises like dunnhumby. Drawing parallels with UIPath’s robotic process automation, Quantum Rise takes a broader approach, focusing on overcoming AI challenges with a more supportive methodology.
Under its “Consulting 2.0” model, Quantum Rise integrates AI to streamline workflows, develop customized AI solutions, and expedite business processes. This initiative marks Kelleher’s return to entrepreneurship since Cognitive Match’s acquisition by Magnetic in 2014.
The market potential for AI-driven automation is substantial. Consulting giant BCG predicts that by 2024, 20% of its revenue will stem from AI integration services, growing to 40% by 2026. IBM has also committed over $1 billion in sales related to generative AI, highlighting a lucrative opportunity for agile startups like Quantum Rise.
Kelleher emphasizes the convergence of human and machine intelligence as pivotal for future business success. “The traditional consulting model is ripe for disruption due to its reliance on manual processes,” he stated in an interview with TechCrunch. “Quantum Rise brings robust engineering solutions to fill the gap left by traditional firms like Deloitte, catering to CEOs of mid-sized enterprises seeking rapid automation and transformation.”
Terry Graunke, chairman and CEO of Erie Street Growth Partners, praised Quantum Rise for its innovative approach, stating, “The Quantum Rise team excels in applying data, automation, and AI to enhance human capabilities and drive business growth.”
Conclusion:
Quantum Rise’s successful funding round underscores growing investor confidence in AI-driven automation solutions. With projections indicating a substantial market shift towards AI integration in consulting, Quantum Rise is poised to capitalize on demand from mid-sized enterprises seeking efficient, technology-driven business solutions.
