The startup is positioning itself as Europe's answer to incumbents such as Poolside and Magic, which have raised hundreds of millions of dollars. Agemo's tool, CodeWords, is still in beta and aims to solve problems it has not been trained on before, unlike existing large language models. The company is based in London and plans to go to market in the US, focusing on building their software incrementally to be enterprise-ready.
Key takeaways:
- Agemo, a startup founded by Aymeric Zhuo and Osman Ramadan, has raised $4 million to build AI that turns text prompts into software, aiming to allow non-developers to autonomously develop software.
- The startup is positioning itself as Europe's answer to AI companies such as Poolside and Magic, and is developing a neurosymbolic AI system for software reasoning.
- Agemo's founders turned down an opportunity to work at OpenAI, and instead are focusing on solving the problem of programming large language models to orchestrate software.
- Despite raising significantly less funding than other AI firms, the founders are confident in their capital-efficient approach and plan to go to market in the US with their platform, CodeWords.