Recently, Team-GPT announced a $4.5 million seed round led by True Ventures, with participation from Pact and angel investors, including ex-OpenAI employees. Despite being based in Bulgaria and facing challenges in fundraising, the company managed to secure the funding after meeting with 85 VCs over three months. The fresh capital will be used to expand the team and increase product delivery. Team-GPT aims to serve mid-to-large-size companies interested in customization and adopting technology with their own data, setting it apart from competitors like OpenAI, Claude, Dust, and Langdock.
Key takeaways:
- Team-GPT, co-founded by Illiya Valchanvov, is a software suite of AI tools that companies can integrate into their workplace systems. The suite includes tools like Claude and ChatGPT.
- The company offers a privacy component, allowing companies to use their own models and deploy on-premises without sharing data with OpenAI or Anthropic. It also offers online courses on how to use certain AI tools and has enterprise features.
- Team-GPT has already been adopted by Salesforce and John Hopkins, among 45,000 other clients. The company recently raised a $4.5 million seed round led by True Ventures, with participation from Pact and angel investors, including ex-OpenAI employees.
- Team-GPT plans to use the fresh capital to expand its team and increase product delivery. The company aims to serve mid-to-large-size companies interested in customization and adopting technology with their own data.