Check out the exclusive pitch deck that landed no-code AI agent startup StackAI a $16 million funding round from Lobby VC
The startup, StackAI, just raised a $16 million Series A funding round led by Lobby Capital. LifeX Ventures, Vercel CEO Guillermo Rauch, Weaviate CEO Bob Van, Gradient, startup accelerator Y Combinator, and Epakon Capital also participated in the round.
Founded in 2022, San Francisco-based StackAI is a no-code platform for companies to develop AI agents that help with business functions. The startup's agents can interact with software such as Snowflake and Salesforce and be customized to complete back-office tasks like data entry, aggregating content, and categorizing information.
StackAI was a member of YC's Winter 2023 batch and raised a $3 million seed funding round from Gradient, YC, Epakon Capital, Soma Capital, True Capital Ventures, and angel investors in April 2023.
For cofounder Bernard Aceituno, one of the most surprising things about scaling StackAI has been the types of customers that have benefited most from the tech.
"We found that sometimes the least technologically advanced companies — construction firms, local governments, and insurance — are the ones that gain the most value from AI agents," he told Business Insider.
StackAI may be all about no- and low-code solutions, but Aceituno and his cofounder, Antoni Rosino, are coming at the problem from the opposite end of the spectrum. The pair met while earning their PhDs in computer science and artificial intelligence at MIT. They both graduated in 2022.
Aceituno said that on StackAI's backend, the startup was leveraging AI itself to stay competitive as it grows, and as the tech evolves.
"We heavily leverage AI for our development — Cursor and our own StackAI Agents to build 100-plus integrations and add new models as soon as they are announced," Aceituno said.
AI agents are shaping up to be all the rage in Silicon Valley this year, with plenty of VCs showing a willingness to open their pocketbooks for startups that automate everything from sales calls, to data entry, to coding with AI.
In the last month, Reco, which deployes AI cybersecurity agents, raised $25 million from Insight Partners; Artisan, which is replacing human employees with AI agents to complete repetitive tasks, raised $25 million from Glade Brook Capital; and Spur, which uses AI agents to debug websites, raised a $4.5 million seed round from First Round and Pear.
Check out the 13-slide pitch deck StackAI used to raise its $13 million Series A funding round.
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