AI startup: 11 million euros in a week-with this pitcheck

The London Ki Startup Gradient Labs secured $ 13 million (11 million euros) in a Series A round. The Silicon-Valley Investor Redpoint Ventures cited the financing round. Localglobe, Puzzle Ventures, Liquid 2 Ventures and Exceptional Capital have also participated in the round.

According to its own statements, Gradient Labs collected the millions within just one week. However, the founders had already set up intensive relationships with potential investors months before the official start of the financing round, regularly supplied them with updates and actively obtained feedback. So they were able to do without a “cold pitch”, as the founders reported in an interview with Business Insider.

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Goal: expand the top position

Gradient Labs wants to invest the fresh capital in the expansion of its teams in the areas of technology, marketing, sales, onboarding and customer success.

The company also wants to strengthen its research and development activities in order to expand the top technological position in AI-controlled customer service solutions.

A total of around $ 17 million (14.7 million euros) has flowed into the startup after Gradient Labs had already received $ 3.6 million (3.1 million euros) in the previous seed round.

Automate customer service in regulated industries

Gradient Labs develops AI-based platforms for companies in strictly regulated sectors such as finance or insurance. Your flagship product “Otto” is a AI agent that should be able to automatically process company-specific processes and products and process complex customer inquiries automatically.

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Dimitri Masin, Neal Lathia and Danai Antoniou founded Gradient Labs 2023. All three had previously worked at the British startup bank and N26 competitor Monzo. Masin was responsible for data science and fighting financial crime as a Vice President and was responsible for Lathia and Antoniou as Machine Learning Engineers.

See the pitch deck with which the Gradient-Labs founders convinced their investors. You can find more pitch decks on our Pitcheck overview, For your own slides you can get feedback from experts.