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Tektonic AI raises $10M to build GenAI agents for automating business operations | TechCrunch

Jun 06, 2024 - techcrunch.com
Seattle-based startup Tektonic, which combines generative AI (GenAI) with traditional symbolic methods, has emerged from stealth with $10M in seed funding from Point72 Ventures and Madrona Ventures. The company aims to use GenAI agents to create workflow automation through natural language, focusing on areas such as quotes and renewals that involve manual tasks unique to each business. Tektonic's co-founder, Nic Surpatanu, believes GenAI can bring adaptability and user intent understanding to systems, overcoming the limitations of robotic process automation (RPA).

Surpatanu acknowledges that current models are not yet reliable enough for fully autonomous agents, but argues that even increasing automation from 50% to 80% of a process would be a significant advancement. Tektonic uses a mix of foundation models and open models for entity extraction and lower-level actions. The startup is currently working with design partners to test and develop its system, with plans to become a SaaS company in the next three to five years.

Key takeaways:

  • Tektonic, a Seattle-based startup, is emerging from stealth with a $10M seed funding round led by Point72 Ventures and Madrona Ventures. The company aims to combine generative AI with traditional symbolic methods to create workflow automation.
  • The company's co-founder, Nic Surpatanu, believes that generative AI can bring a degree of adaptability and understanding of user intent to systems, something that was not possible with older tools like robotic process automation (RPA).
  • Tektonic uses a combination of foundation models and open models for entity extraction and lower-level actions. The company is currently working with a number of design partners to test and build out its system.
  • Surpatanu envisions Tektonic as a SaaS company in the future, connecting to APIs in customer systems. However, for now, getting started with Tektonic requires installing the system as a container in a business' virtual private cloud.
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