Highlights:
- A cloud-based AI platform called Seek AI gives business customers the ability to ask “ad hoc” inquiries about data while they are in the moment, and the platform then utilizes AI to create brand-new code queries to address those issues.
- With Seek AI, the generative AI system may browse the database using its model for natural language processing and generate extremely precise code, which can subsequently be utilized to speed up that development time.
Recently, Seek AI Inc. reported that it has raised USD 7.5 million in pre-seed and seed funding for its Artificial Intelligence (AI) platform, which automates the creation and upkeep of code for responding to ad hoc questions regarding data.
The funding round was co-led by Battery Ventures and Conviction Partners, a new fund from venture capitalist Sarah Guo. Along with Bob Muglia, the former CEO of Snowflake, Mustafa Suleyman, co-founder of the AI business DeepMind, and Tristan Handy, inventor of the cloud data transformation tool dbt Labs, other investors in the round included NJP Ventures.
A cloud-based AI platform called Seek AI allows business customers to ask “ad hoc” inquiries about data while they are in the moment. The platform then utilizes AI to create brand-new code queries to address those issues. The platform automates this process using generative AI tools like DALL-E, Stable Diffusion, and GPT-3 and offers natural language processing to comprehend the written material.
So, business users and data scientists can just type in questions about a company’s large data sets. The platform will automatically create the code to query them and get the required information. It works with email, Slack, text, and customer relationship management systems.
A business user might want to know, “Which products had the most profits last month?” The platform can quickly give code to answer these questions, so the data science team can take less time away from the projects they are working on to answer random questions.
That’s because business users who need to learn how to code have trouble getting access to data and have to ask data professionals for help. Even one of these questions can add work hours, especially if it’s hard.
With Seek AI, the generative AI system may browse the database using its model for natural language processing and generate extremely precise code, which can subsequently be utilized to speed up that development time.
Seek AI founder and Chief Executive Sarah Nagy stated, “Our vision, since day one, has been to automate mundane but critical processes and workflows so that data stakeholders can get the data they need fast, and data teams can focus more on strategic efforts.”
This funding comes when generative AI is starting to appeal to investors and the larger tech community. Microsoft Corp. may invest ten billion dollars in OpenAI LLC, the AI research organization that created the technology behind the GPT-3 natural language model. It also serves as the foundation for the ChatGPT chatbot. Stability AI Ltd., the startup behind Stable Diffusion, the neural network that can produce surreal images from text prompts, raised USD 101 million in October.
As of right now, Seek AI has more than a dozen pilots with tech, financial, and consumer brands ranging from startups to Fortune 100 businesses. Seek AI debuted its cloud-based Software-as-a-Service (SaaS) solution in October.
Utilizing generative AI, Seek AI’s technology can also adapt itself as per the team’s usage patterns and the customer’s data environment utilizing deep learning. This implies that each time a business uses Seek AI, they create an AI model unique to its environment and team.
Muglia said, “Over time, these semantic models will become the point of reference that defines how a business operates. Because every organization is different, Seek applies deep learning to help companies develop and describe their unique semantic model.”
According to Nagy, the new funding will speed up product development, make data accessible to everyone in the business through natural language processing, and automate data queries using generative AI.
Nagy added, “As Seek continues to grow, it is crucial to have growth partners who understand the complexities of automation and data accessibility and share the same vision for applied AI. This funding will help us improve upon our product and reach more businesses in an array of expanding industries.”