The company's co-founder, Dan Siroker, highlighted the company's new confidential cloud product that stores data in an encrypted format as a major differentiator. The company has raised over $33 million in funding from backers including a16z, First Round Capital, and NEA, and it does not plan to raise any new money. The company will continue to support its original product, Rewind, but will not actively add new features. The company's larger vision is to build AI agents to do things on behalf of users.
Key takeaways:
- Rewind has rebranded to Limitless and is now offering an AI-powered meeting suite and a hardware pendant that can record conversations.
- The Limitless pendant is designed to record and transcribe meetings, and comes with a 'consent mode' for privacy. The company also offers an app for recording meetings, with features like real-time automated notes and meeting briefs.
- Limitless has a new confidential cloud product that stores data in an encrypted format, ensuring privacy and security. The company had Leviathan Security Group perform a third-party audit on its solution to measure security.
- Limitless's larger vision is to build AI agents to do things on behalf of the user. However, there are still many challenges to overcome, such as errors in AI output and difficulties in understanding context and intentions.