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How Wordware Secured $30M Seed In 7 Days

Nov 28, 2024 - forbes.com
Wordware, an AI development operating system, has raised $30 million in a seed funding round led by Spark Capital, with participation from Felicis, Y Combinator, Day One Ventures, and angel investors. The funding, one of the largest seed rounds in Y Combinator’s history, will be used to accelerate Wordware’s mission to democratize AI development. The company, founded by Filip Kozera (CEO) and Robert Chandler (CTO), allows users to create, iterate, and deploy AI agents using plain English, making AI development accessible to all.

The company has grown rapidly, with over 7.5 million people engaging with their Product Hunt launch and revenue growing 20x in just weeks. Wordware is already being used by startups and enterprises like Instacart and Runway. The founding team includes top-tier engineers and the company plans to expand its platform in 2025 to allow prosumers to automate personal workflows. The record-breaking seed round, raised in just seven days, reflects strong investor confidence in Wordware’s potential to revolutionize AI development.

Key takeaways:

  • Wordware, an operating system for AI development, has raised a $30 million seed round led by Spark Capital, one of the largest seed rounds in Y Combinator’s history.
  • Wordware introduces natural language as the new programming language for AI, enabling domain experts and engineers to build AI solutions using plain English.
  • The company was founded by Filip Kozera and Robert Chandler, who met while studying deep learning at the University of Cambridge.
  • Wordware's CEO, Filip Kozera, shares fundraising tips including mastering narrative with raw numbers, preparation for meetings, strategic raise sizing and negotiation, and building momentum through sequencing of investor meetings.
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