HomeArtificial IntelligenceAI business agent startup Bardeen receives strategic investments from Dropbox and HubSpot

AI business agent startup Bardeen receives strategic investments from Dropbox and HubSpot

Every day, employees around the globe spend countless hours performing tedious, repetitive tasks, like converting documents to PDFs after which uploading them to a drive, from where they’re ingested right into a database and emailed to a team. While UiPath pioneered one of these “robotic” process, the corporate has also been moving to an AI-driven mode of operation, though a lot of startups (Signavio, Servicetrace and others) are hot on its heels. Now, a startup, BardsImmediately after a brand new round of financing, is launching a service that automates such work for corporations.

Bardeen's platform uses a natural language interface to automate repetitive knowledge work. The company has raised $3 million on this recent round, bringing its total funding to $22 million. That may be only vaguely interesting if the investors who participated on this round didn't provide significant distribution for the platform. Both Dropbox and HubSpot have change into strategic investors within the startup through their enterprise capital investment arms (Dropbox Ventures and HubSpot Ventures), and the 2 corporations may even help distribute Bardeen's technology, which might be released on Thursday.

If you think that “Zapier with more AI,” you're getting near what Bardeen is offering, however the product is a little more sophisticated than that implies. It's designed as a platform for the typical person in an organization doing repetitive tasks, slightly than something built for IT departments. An illustration of Bardeen's interface to TechCrunch showed how easy it was to automate complex workflows.

The platform seems able to many things: it may possibly copy and paste text from one document to a different, search the online for related information, and pack all that information into an email and send it. The startup says it has greater than 300,000 users and over 1,000 paying customers, including Deel, Miro, Kearney, WPP and 10Web.

Bardeen's agent platform was founded in 2020 by Artem Harutyunyan and Pascal Weinberger. It runs as a browser extension and is context-aware, allowing agents to perform a “planning step” after receiving instructions from the user – which Bardeen says contributes to repeatability. The assistant can also be designed to repeatedly learn from usage patterns.

It also integrates with 100s of tools akin to Microsoft 365, CRMs and sales platforms.

This repeatability is vital since it shouldn’t be easy to get an AI platform to present the identical answer twice. The lack of predictability in a business environment will spoil any product.

CEO Pascal Weinberger told TechCrunch: “The problem with other AI solutions is that they only don't achieve repeatability. If you ask them to do the identical task again, two various things will occur. That's how these language models work by nature, nevertheless it's quite difficult to make use of them for real business applications.”

So what’s Bardeen’s approach?

“You enter your request, akin to taking meeting notes, convert them to a PDF, extract email addresses and send the PDF to all and sundry,” Weinberger said.

“The platform runs it through a language model, and that's where the differentiation starts. There's a planning phase. So the model figures out that it must go to the calendar and extract the calendar event, extract the e-mail addresses, create a PDF, etc. It can try this, after which I can just type, 'Send a PDF to Pascal on Slack too,' for instance,” he added.

Once the model has worked out a plan, it would persist with it: “So the subsequent time I ask it to do the identical thing, (the method) has change into a learned skill, identical to you’d teach an assistant or junior. So I can do the entire thing purely by writing in natural language. Anyone can create such an automation.”

Of course, as at all times, the query arises: which LLMs does the platform use?

Weinberger says they use Gemini to translate questions and OpenAI GPT models for “specific automation exercises.” He added, “But every week a brand new model comes out and now we have a benchmark to see what tasks a model is healthier at.”

While established corporations like Zapier, UiPath and others vie to maintain up, Bardeen appears to be an enormous step ahead, not less than for now.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read