Inventive Launches Out of Stealth with $6.5M Seed Funding to Transform Enterprise SaaS with Embedded AI
24 June 2024 - 7:53PM
Business Wire
Founded by tech veterans from Google, Meta, and
Microsoft, Inventive's platform gives product teams an AI agent
platform for making smarter SaaS products and customer
experiences
Inventive, a startup building embedded AI for SaaS
products, announced today its official launch and the closing of a
$6.5 million seed funding round led by Wing VC, with participation
from Tokyo Black and an angel investors group led by founders and
former Google and Meta executives. The funding will go toward
advancing the Inventive platform for product teams who need to
efficiently deliver valuable AI-powered experiences in their
customer-facing software products.
“Companies today demand AI-driven outcomes that have tangible
business value,” said Erik Kuld, co-founder and CEO of Inventive.
“We enable product leaders to offer smarter customer experiences
and deploy them in weeks, not quarters. Our platform accelerates
product innovation and customer satisfaction which translates into
adoption and, ultimately, revenue growth.”
Inventive’s first product – an embedded AI Analyst – is already
live in production with thousands of their partners’ customers.
This AI Analyst agent embeds easily in software products to help
resolve ad-hoc customer requests for custom reports and analytics.
The conversational AI-powered software system collaborates with
non-technical users in natural language to help them explore, save,
and operationalize custom insights from the host product’s
customer-facing data. For example: “Alert me when my next month
bookings are 10%+ behind compared to this time last year.” By
leveraging this AI Analyst agent, customers gain more valuable
data-driven insights, while customer success and technical teams
are freed to focus on strategic initiatives instead of handling
numerous custom data requests.
"As an AI-native company, Inventive enables us to innovate at
the leading edge of the ecosystem and execute faster on our AI
product needs,” said Pavan Bedadala, Senior Director of Product
Management at Commvault.
Inventive’s underlying platform offers a suite of tools for
efficiently configuring, testing, evaluating, monitoring, managing,
customizing and monetizing these embedded AI-native
experiences.
“With Inventive, product teams don’t have to worry about the
steep costs or other hurdles typically associated with integrating
AI into their products,” said Chris Zeoli, Partner at Wing VC. “The
Inventive team is set to redefine how AI is integrated into product
experiences, and we’re thrilled to be a part of their journey
towards shaping how businesses leverage AI to meet evolving
customer needs.”
Inventive was co-founded in 2022 by Erik Kuld, Kavita Shah, and
Clarence Tso, who bring decades of relevant domain, product and
technical expertise from leading platform teams at Google, YouTube,
Microsoft, and Meta. Together, they steer Inventive’s mission to
embed great AI-powered experiences in enterprise software
products.
About Inventive
Inventive helps product teams at enterprise and high growth
companies who struggle with endless custom data requests from
customers and lack the capacity to serve them well. Our AI Analyst
embeds seamlessly into your SaaS product to let your customers use
natural language to explore, save, and operationalize custom
insights from their trusted data. Our customers focus on their
core, and we extend their data to reach the long tail of their
customers' reporting and analytics use cases. Our co-founders bring
decades of expertise building data platforms at Google, Microsoft
and Meta, and we're well funded by leading Silicon Valley
investors.
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