Layer's initial target is companies in the financial services sector, but it envisions its technology being applicable across platforms. The company believes that any firm with a software platform will be able to use its technology to build their own copilot in the next three to four years. Layer's copilots are governed by the ruleset chosen by the client software developer, ensuring they don't go beyond set boundaries. The startup plans to use its seed funding to expand its team and continue developing its platform.
Key takeaways:
- Layer, a startup based in Columbus, Ohio, aims to help enterprises build AI copilots into their software, focusing on reliability and minimizing AI hallucinations.
- The company has announced its $3 million seed round led by Drive Capital, with participation from several other funds and angel investors.
- Layer's AI copilot building platform ingests and analyzes the documentation of a client’s software to decide what actions it should and should not take on behalf of the user.
- Layer initially targets companies in the financial services sector, but envisions its technology being applicable across platforms, benefiting nearly every SME reliant on software.