TrueState secures $1.5 million in seed funding to deliver AI app development in days
06/18/24, 2:13 AM
Location
sydneyMoney raised
$1.5 million
Industry
artificial intelligence
software
Round Type
seed
Investors
Imprint Capital Partners, Galileo Ventures, Side Stage Ventures, Airtree
TrueState, founded by former McKinsey QuantumBlack consultant Will Ashford, has secured $1.5 million in seed funding to offer a platform with AI application templates for businesses. The funding was led by Airtree, Side Stage Ventures, Galileo Ventures, and Imprint Capital Partners.
Company Info
Location
sydney, new south wales, australia
Additional Info
Most businesses spend 10-20 months to meaningfully implement AI due to significant technical barriers.
After years of experiencing this struggle first hand at McKinsey & Company and in Private Equity operations, Founder & CEO Will Ashford started TrueState to simplify the process of building high-performance AI systems.
The result is a new breed of AI platform focused on simplicity, speed and impact.
Complete with a library of pre-built and proven AI use-cases, like predictive maintenance, advanced supply chain optimisation and personalised customer retention recommendations, businesses get their first AI results in a fraction of the time while maintaining the same high calibre outcomes.