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Emergence thinks it can crack the AI agent code | TechCrunch

Jun 24, 2024 - techcrunch.com
Emergence, a generative AI venture co-founded by Satya Nitta, the former head of global AI solutions at IBM’s research division, has raised $97.2 million in funding from Learn Capital and credit lines totaling over $100 million. The company is developing an “agent-based” system that can perform tasks typically handled by knowledge workers, using generative AI models like OpenAI’s GPT-4o. Emergence's first product is an "orchestrator" agent, which functions as an automatic model switcher for workflow automations.

The company's roadmap includes a project called Agent E, which aims to automate tasks like filling out forms and navigating streaming services. Emergence plans to monetize the orchestrator with a premium version available through an API. The company also plans to build a platform that processes claims and documents, manages IT systems, and integrates with customer relationship management systems. Emergence has formed strategic partnerships with Samsung and Newline Interactive to integrate its tech into future products.

Key takeaways:

  • Emergence, a generative AI venture co-founded by former IBM executive Satya Nitta, has raised $97.2 million in funding from Learn Capital and credit lines totaling over $100 million.
  • The company is developing an "agent-based" system that can perform tasks typically handled by knowledge workers, using generative AI models like OpenAI’s GPT-4o.
  • Emergence's first product is an "orchestrator" agent that functions as an automatic model switcher for workflow automations, choosing the best model to complete a task based on factors like cost and capabilities.
  • The company has formed strategic partnerships with Samsung and Newline Interactive to integrate its technology into future products, and plans to monetize the orchestrator with a premium version available through an API.
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