The startup has announced its first funding round, led by Sam Altman and Peak XV, with participation from Signalfire, Superscrypt, SV Angel, IDEO Colab Ventures, Human Capital, On Deck, and Untitled Ventures. Induced AI has also been included in AI Grant's Batch 2, with support from industry figures such as former Github CEO Nat Friedman and ex-YC and Pioneer Daniel Gross.
Key takeaways:
- OpenAI CEO Sam Altman has backed Induced AI, a startup founded by two teenagers that aims to revolutionize business operations by automating workflows.
- Induced AI's platform allows businesses to input their workflows in plain English, which is then transformed into real-time pseudo-code, automating many tasks traditionally handled by back offices.
- The startup's initial funding round was led by Sam Altman and Peak XV, with participation from Signalfire, Superscrypt, SV Angel, IDEO Colab Ventures, Human Capital, On Deck, and Untitled Ventures.
- Induced AI's mission is to present AI workers as an extension of a company's workforce, capable of handling tasks across various domains from sales to compliance and internal operations.