Moveo.AI, a forward-thinking corporate conversational AI startup has raised over €2.3 million in a seed funding round to further its goal of giving companies access to private, secure, and customized LLM agents.
Eleven Ventures led the investment round, with Charge.vc and Uni.Fund following. By increasing their contributions, early backers of Moveo.AI showed their continued faith in the business.
Moveo.AI has established itself as a leader in the enterprise AI market due to its creative approach in fusing workflow automation with generative AI. Consequently, Moveo.AI’s unique LLMs stand out for their unparalleled data safety, dependability, and performance. As companies seek to leverage the newest AI innovations, they turn to Moveo.AI to improve customer experiences and streamline processes. These LLMs are specially adjusted to outperform third-party models like GPT-4 in critical domains like latency, hallucination, and repetition. They are specifically designed to thrive in customer experience (CX) metrics.
Moveo.AI has grown significantly in the last year, tripling its workforce, doubling its revenue, and adding notable companies like Allianz, Alpha Bank, and Betano to its clientele. With the launch of a new branch in São Paulo, the company has further expanded its reach into the LATAM market, now serving over 10 million users per month in 89 countries across 21 languages.
Moveo.AI’s CEO and co-founder Panos Karagiannis said:
“Moveo.AI is at a turning point thanks to this funding. It supports our goal of giving businesses dependable, customized LLM solutions and validates the effort and commitment of our team. We hope to increase the functionality of our platform, grow our skilled staff, and penetrate new markets with the help of these additional resources. To realize our goal of transforming enterprise AI solutions, we look forward to forming new alliances and keeping up our innovative work in the AI field.”
Related Content: Conversational AI startup OpenFi – Revolutionizing Lead Generation
Several awards recognize Moveo.AI for shaping Generative AI in FinTech, including selection for the Visa Innovation Program Europe and first place at the Mastercard Fintech Forum in SE Europe.
With an emphasis on providing private and customized AI agents that businesses can rely on, Moveo.AI will be able to further develop its platform capabilities and unique LLMs thanks to the recently raised capital. The funding will also help Moveo.AI’s team continue to grow, especially in research and development, as the business aims to expand internationally in 2024, focusing on important markets in the Americas. To increase the company’s regional footprint, this expansion strategy will entail growing business teams and establishing strategic alliances.
Svetozar Georgiev, partner at Eleven Ventures, said:
“In today’s world, customers expect instantaneous, accurate, and relevant interactions throughout their journey, from support issues to sales transactions. AI is significantly more capable than humans of meeting this need. Moveo.AI is one of the leading candidates to drastically enhance the way companies engage with their clientele. Major banks and merchants are among their impressive clientele, which attests to their potential. We’re excited to join this journey and drive significant changes in customer interaction.”
Moveo.AI continues its rapid expansion, establishing itself as a leader in enterprise AI. With new funding, it delivers cutting-edge solutions that help companies thrive in an increasingly automated, AI-driven world.
