California, USA-based provider of an AI platform designed to democratize the use of Generative AI to automate repetitive human processes, Orby AI, raised USD 4.5 million in seed funding. The round took place on May 10, 2023. Pear VC and New Enterprise Associates, Inc. (NEA) led the financing for the company. Meanwhile, the company received additional investment from Wing VC.
As a part of the transaction, Arash Afrakhteh, Partner at Pear VC, also joined Orby’s board of directors.
Purpose of financing for Orby AI
With the latest financing, the company seeks to grow the team as well as ramp up its hiring operations. Meanwhile, it seeks to further the research and development efforts. So far, through its beta-stage development, Orby has enjoyed partnering with some of the world’s largest tech enterprises and other medium-sized companies.
What the company’s co-founders have to add
Bella Liu, Orby AI’s Co-Founder and CEO, and Will Lu, Orby AI’s Co-Founder and Chief Technology Officer, said, “If we think about an abacus, a computer, or any software, we have always learned to use tools to help us do our work. What if AI can learn from us and then just do the work for us? With the continual breakthroughs in AI, especially foundation models, and Orby’s world-class AI/ML talent team, we are excited to push the boundaries of what AI can do to revolutionize how people interact with AI.”
What the investors have to add
In addition, Arash Afrakhteh, Partner at Pear VC and new joinee at Orby’s board of directors, said, “Upon meeting Orby AI’s team, our views on AI automation’s potential found a perfect match. Our partnership has led to a world-class team that exceeds expectations, forging the future of AI observation and actions. Orby’s technology, already trusted by large enterprises, enables robust workflow automation at the speed of innovation for both enterprises and end users — a game-changer. We’re thrilled to partner with Orby AI, ushering in this transformative future.”
Besides, Scott Sandell, Managing General Partner at NEA, said, “The Orby AI founding team has a clear vision, deep domain knowledge, and technical expertise in building state-of-the-art AI systems. We are impressed with their lightning speed in productizing AI research capability and iterating based on real customers’ feedback. We are excited to partner with this team to see them fundamentally change how people get their work done.”
About Orby AI
Bella Liu and Will Lu launched the company in 2022. Orby AI is building the next-generation AI platform to bring the “auto-complete” experience to everyday business users and automate all mundane and repetitive tasks. Top-tier VCs back Orby AI with a track record of investing in category-defining companies.
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