Bem is currently in private beta with 10 early customers, targeting organizations between the Series C and public stages. The startup is particularly focusing on those in logistics, supply chain, health care, and insurance industries. Bem's service is continuous, with customers setting up a pipeline and sending thousands of pieces of data every minute. The startup does not train global models on customer data, ensuring all data is isolated.
Key takeaways:
- Bem, an AI data interface company founded by Antonio Bustamante and Upal Saha, has raised $3.7 million in seed funding. The startup provides an API that developers can use to convert any input, structured or unstructured, into any data shape.
- The startup is targeting organizations between the Series C and public stages, particularly those in logistics, supply chain, health care and insurance industries.
- The funds raised will be used for further development of Bem's platform, including investment in its engineering team, research and development, and product improvement.
- Bem's biggest competitor is the status quo, with companies trying to build this capability in-house. However, many of these companies realize that building this capability themselves is more expensive than they initially thought.