Quantum Rise grabs $15M seed for its AI-driven ‘Consulting 2.0’ startup

Quantum Rise, a Chicago-based startup specializing in AI-driven automation, has raised a $15 million seed round from Erie Street Growth Partners. The company, founded by Alex Kelleher, former founder of adtech platform Cognitive Match, uses a "Consulting 2.0" model to automate workflows and provide tailored AI solutions to accelerate businesses. Quantum Rise's approach is similar to UiPath’s, a company known for bringing robotic process automation to the enterprise, but with a broader focus on the AI challenges companies face.

In other news, Apple has approved Fortnite maker Epic Games’ third-party app marketplace for launch in the EU, following multiple rejections. Meanwhile, OpenAI has assured users that their secret ChatGPT conversations were not compromised in a recent system breach. Furthermore, Elon Musk’s X is reportedly developing new features to integrate xAI’s Grok into its social networking app.

Key takeaways

Quantum Rise, a Chicago-based startup that provides AI-driven automation, has raised a $15 million seed round from Erie Street Growth Partners.
The startup uses a "Consulting 2.0" model to automate workflows, provide AI solutions, and accelerate businesses, aiming to disrupt the traditional consulting industry.
Quantum Rise is led by Alex Kelleher, the former founder of adtech platform Cognitive Match, which was acquired by Magnetic in 2014.
There is a growing market opportunity for AI-driven automation, with consulting giant BCG expecting to generate a fifth of its revenues in 2024 from helping corporations integrate AI, and 40% by 2026.

Quantum Rise grabs $15M seed for its AI-driven ‘Consulting 2.0’ startup | TechCrunch

Key takeaways

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