Inventive, a San Francisco-based startup specializing in embedded AI for SaaS products, has successfully raised $6.5 million in Seed funding.
Key Highlights:
- Funding Amount: $6.5 million in Seed funding.
- Lead Investor: Wing VC.
- Other Participants: Tokyo Black and an angel investors group led by former Google and Meta executives.
Company Overview:
- Founding Year: 2022.
- Co-Founders: Erik Kuld, Kavita Shah, and Clarence Tso.
- Location: San Francisco, CA.
- Core Focus: Inventive develops embedded AI solutions for SaaS products to help product teams deliver AI-powered experiences in their customer-facing software products.
Problem and Solution:
- Challenges: Product teams at large companies often face numerous custom data requests from customers and lack the resources to address them effectively.
- Inventive’s Solution: Inventive offers an AI-native custom report builder that embeds into SaaS products, enabling customers to use natural language to explore, save, and operationalize custom insights from their data. The platform provides tools for efficiently configuring, testing, evaluating, monitoring, managing, customizing, and monetizing these AI-native experiences.
Use of Funds:
- Platform Advancement: The funds will be used to further develop and enhance Inventive’s platform, enabling product teams to deliver AI-powered experiences more efficiently.
Statements from Leadership:
- Erik Kuld, Co-Founder of Inventive:
“Our mission at Inventive is to empower product teams to better serve their customers by embedding AI-native custom report builders into their SaaS products. This funding will accelerate our ability to help companies provide natural language-driven insights and operationalize data more effectively.”
With the $6.5 million Seed funding round, Inventive is set to advance its platform capabilities, making it easier for product teams to integrate AI-powered experiences into their SaaS products. Backed by prominent investors and industry experts, Inventive is poised to address the challenges of custom data requests and enhance customer satisfaction through innovative AI solutions.
