Browse AI, a Vancouver, Canada-based early-stage startup focused on automating the extraction of information from websites and transferring it to spreadsheets or APIs for further processing, raised $2.8 million in seed funding.
The seed round came from a group of investors including Interface Capital, Alpine Venture Capital, AltaIR, Banana Capital, Creator Ventures, Trust Fund, Singularity Capital, Goodwater Capital, and several prominent industry angels.
The company's SaaS application allows users to train a bot to extract specific data criteria and integrate them into spreadsheets or APIs.
Founded in 2020, Browse AI officially launched its product the following year and has experienced significant growth since then.
“SMBs and individuals have a really hard time taking advantage of all the information that’s on the web, and I wanted to change that. So that’s why I started Browse AI. I truly believe in our mission of democratizing access to information on the web,” Browse AI CEO, Ardy Naghshineh told TechCrunch.
Browse AI currently employs 18 people, with plans for rapid expansion to potentially reach 50 employees or more within a year. To accommodate this growth, the company is establishing an office in Vancouver and will adopt a hybrid work approach.
Company: Browse AI, Inc.
Round: Seed Round
Funding Month: August 2023
Lead Investors: Interface Capital, Alpine Venture Capital, AltaIR, Banana Capital, Creator Ventures, Trust Fund, Singularity Capital, Goodwater Capital
Company Website: https://www.browse.ai/
Software Category: Web-Automated Data Extraction Software
About the Company: Browse AI is a cloud-based web-automated data extraction software that requires no coding knowledge to extract and monitor data from any website on the internet. The company’s mission is to democratize access to information on the internet. Browse AI has acquired around 200,000 new users, including notable companies like Amazon, Walmart, Accenture, Google, and McKinsey.