The AI assistant is built on open-source large language models and uses retrieval augmented generation technology to improve the quality of content it generates. SiftHub also employs a smart search algorithm to surface relevant recent information. The startup plans to use the funding to expand its product R&D team, enhance the product, and prepare for market launch. The seed round was co-led by Matrix Partners India and Blume Ventures, with participation from Neon Fund and executives and founders from several tech companies. SiftHub is initially targeting B2B companies with revenues between $50 million and $500 million.
Key takeaways:
- SiftHub, an AI startup founded by Manisha Raisinghani, former CTO and co-founder of LogiNext, has raised $5.5 million in seed funding to develop its AI assistant for sales and presales teams.
- The AI assistant is designed to handle non-sales activities such as data entry into CRM systems, filing RFPs, researching customer information, and building presentation decks. It integrates with Google Drive, Slack, Zendesk, HubSpot, and Salesforce.
- The AI assistant is built on open-source large language models (LLMs) and uses retrieval augmented generation (RAG) technology to improve the quality of content generated by AI. It also uses a "smart search algorithm" to surface relevant recent information.
- The seed funding round was co-led by Matrix Partners India and Blume Ventures, and the funds will be used for hiring, product R&D, and market expansion. SiftHub is initially targeting B2B companies with revenues between $50 million and $500 million.