- Orq.ai, based in Amsterdam, has raised €2.3 million in Pre-Seed funding for its Generative AI platform.
- The funding follows a successful €800,000 round in September 2023, with an additional €1.5 million secured.
- Two new products, Experiment and Optimise, are set to revolutionize Generative AI testing and analytics.
- Co-founder Sohrab Hosseini emphasizes democratizing AI accessibility while ensuring security and data protection.
- XO Ventures and xdeck Ventures lead the financing round, with support from existing investors Curiosity VC and Spacetime.
- Expansion plans target the European market, focusing on Germany and the Benelux countries.
Main AI News:
Orq.ai, the cutting-edge Generative AI platform headquartered in Amsterdam, has successfully raised €2.3 million in Pre-Seed funding. This round of investment underscores the growing recognition of Orq.ai’s pivotal role in transforming enterprise operations through advanced AI technologies.
Following a previous round that garnered €800,000 in September 2023, Orq.ai has now closed an extension round of an additional €1.5 million. This significant funding influx comes at a crucial time as the company prepares to launch two groundbreaking products: Experiment and Optimise.
The experiment is poised to revolutionize how companies approach Generative AI by facilitating the seamless testing of thousands of use cases, prompts, and datasets across a diverse array of AI models. Meanwhile, Optimise offers real-time analytics on model interactions, empowering domain experts to refine and fine-tune AI models for optimal performance.
Sohrab Hosseini, co-founder of Orq.ai, emphasized the importance of adapting to the evolving landscape of Generative AI, stating, “The complexity and speed of new possibilities in Generative AI require a new way of working and new organizational tools.” He further highlighted Orq.ai’s commitment to democratizing AI accessibility while maintaining the highest standards of security and data protection.
The latest financing round, spearheaded by XO Ventures and xdeck Ventures, signifies a strong vote of confidence in Orq.ai’s vision and capabilities. Existing investors Curiosity VC and Spacetime have also reaffirmed their support, reflecting their belief in Orq.ai’s potential for driving meaningful AI transformations across industries.
Looking ahead, Orq.ai plans to leverage the new investments to expand its presence in the European market, with a particular focus on Germany and the Benelux countries. Bart Malenstein, Managing Partner at XO Ventures, expressed enthusiasm about the partnership, stating, “We are very excited to work with founders Sohrab and Anthony and the entire Orq.ai team to help them further develop and roll out their cutting-edge Generative AI platform domain experts and product managers.“
Conclusion:
Orq.ai’s substantial Pre-Seed funding, coupled with its innovative product offerings, underscores its leadership in the burgeoning field of enterprise AI. With strong investor backing and strategic expansion plans, Orq.ai is poised to drive significant transformation in AI adoption across industries, paving the way for enhanced efficiency and competitiveness in the market.
