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

Jul 06, 2024 - news.bensbites.com
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.
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