Distyl AI, a San Francisco, CA-based analytics firm that helps large companies use generative artificial intelligence and language models, raised $7 million in a seed funding round led by Coatue and Dell Technologies Capital.
Former GitHub chief executive Knut Friedman, Brad Gerstner, founder and chief executive of Altimeter, and Jim Cash, professor at Harvard Business School, also participated in the funding round.
Distyl AI has entered into a services alliance with OpenAI, a leading research organization in the space. The alliance with OpenAI allows Distyl AI to bring the latest in cutting-edge AI research (e.g. GPT-4) and infrastructure (e.g. dedicated instances) to enterprise customers while adhering to the highest standards of reliability, scalability, and security.
"Organizations that embrace the immense potential of generative AI and large language models will gain a disruptive competitive edge. This realization is sweeping across C-suites and boardrooms across the globe – and for good reason," says Arjun Prakash, co-founder, and CEO of Distyl AI. "While the hype around generative AI has been about consumer and search applications, the game-changing value is in elevating core enterprise workflows. That’s going to require seamless integration with an enterprise’s core data, technologies, and workflows. This is the power of Distyl AI."
Distyl AI collaborates closely with F1000 enterprises to harness the power of generative AI and create tangible business outcomes.
Company: Distyl AI, Inc.
Raised: $7.0M
Round: Seed Round
Funding Month: April 2023
Lead Investors: Coatue and Dell Technologies Capital
Additional Investors: Knut Friedman, Brad Gerstner, and Jim Cash
Company Website: https://distyl.ai/
Software Category: Generative AI Solutions for Enterprises
About the Company: Founded by Arjun Prakash and Derek Ho, Distyl AI is on a mission to create the most customer-centric AI company that revolutionizes how enterprises thrive in the AI-assisted economy. The company collaborates with leading institutions worldwide to enhance their AI readiness and build dependable, seamlessly integrated AI-driven solutions tailored to their distinct data, workflows, and employee requirements. Using its proprietary platform of in-house tools and alliances, such as the one with OpenAI. Distyl AI helps large companies use generative artificial intelligence and language models to integrate AI into the core business workflows of enterprise-scale companies, such as marketing, sales, customer service, and product development. The company works closely with Fortune 1000 enterprises to create AI-assisted workflows that enable humans to make faster, more informed decisions.
Source: https://www.businesswire.com/news/home/20230413005065/en/Distyl-AI-Forms-Services-Alliance-with-OpenAI-and-Raises-7M-to-Help-Enterprises-Tap-Into-the-Potential-of-Generative-AI-and-Large-Language-Models