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Floworks raises $1.5M in seed funding for its generative AI work assistant - SiliconANGLE

Aug 31, 2023 - siliconangle.com
Floworks Technologies Inc., a startup that uses a chatbot to increase productivity, has raised $1.5 million in seed funding. The funding round was led by Y Combinator and Sense AI, with participation from other institutional investors. Floworks' main product is a chatbot named Flowy, which uses a generative AI model and is accessible through Slack. The chatbot allows users to interact with SaaS platforms such as Salesforce using natural language commands, and is currently focused on sales automation use cases.

Floworks currently generates $250,000 in annual recurring revenue and plans to grow its customer base and invest in product development. The chatbot can interact with five applications: Gmail, Google Calendar, Google Drive, Salesforce, and HubSpot, with plans to add more sales automation tools in the future. The company also plans to expand its focus to include business intelligence use cases.

Key takeaways:

  • Floworks Technologies Inc., a startup with a chatbot designed to make knowledge workers more productive, has raised $1.5 million in seed funding.
  • The company's flagship product is a chatbot called Flowy, powered by a generative AI model, which allows users to interact with popular software-as-a-service platforms such as Salesforce using natural language commands.
  • Floworks is currently focusing mainly on sales automation use cases and plans to expand its focus to additional use cases such as business intelligence in the future.
  • The company currently generates $250,000 in annual recurring revenue and plans to grow its top line and installed base by onboarding channel partners that can help it reach more customers.
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