Berlin, Germany-based provider of a No-Code AI automation platform, Levity, raised USD 8.3 million in recent funding. The seed round took place on October 11, 2022. Balderton Capital and Chalfen Ventures led the financing for the firm.
Purpose of funding for Levity
With the latest proceeds from the seed funding round, Levity intends to ramp up its hiring operations.
The company has plans to expand the team. It also seeks to accelerate its product development.
What the co-founder has to say
Gero Keil, co-founder and CEO of Levity, said, “There are swathes of businesses being completely left out and underserved when it comes to AI and automation, as large firms and tech teams continue to build tools that are out of reach of everyday people. Businesses and their customers deserve the same opportunities to reap the benefits of AI and automation as their bigger rivals. With Levity, we’re committed to opening up such opportunities and levelling the playing field for companies of all sizes.”
What the investors have to say
Mike Chalfen, the founder of Chalfen Ventures, said, “Gero and Thilo’s unique perspective, and their ability to look at AI through fresh eyes, has resulted in a product that promises true value and real, widespread impact for SMEs everywhere. Of course, the best products are those that manage to present advanced and complex tools simply, which is exactly what the Levity team has built.”
In addition, James Wise, a partner at Balderton Capital, said, “There is an increasing divide between companies with the means to capitalize on AI and automation and those smaller businesses who lack the resources to do so. Levity is on a mission to close this divide. By making machine learning more accessible and affordable, businesses of all shapes and sizes can truly benefit from the power that automation brings.”
About the company
Gero Keil and Thilo Hüllmann co-founded Levity in 2020. The Berlin, Germany-based company operates as a No-Code AI automation platform. It enables companies to speed up processes, reduce costs, and free people from mundane, time-consuming tasks. The platform leverages ML tools and AI Block builders and templates. Further, it then combines them to continue its operations. Since the company’s inception, it has completed more than 3.2 million predictions across its user base. Levity integrates with a wide range of tools, such as Gmail, Outlook, Google Drive, Dropbox, Airtable, and many more.
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