Quantum Rise grabs $15M seed for its AI-driven ‘Consulting 2.0' startup [Yahoo! Finance]
UiPath, Inc. Class A (PATH)
Company Research
Source: Yahoo! Finance
industry), has raised a $15 million seed round from Erie Street Growth Partners . Its approach is somewhat akin to UIPath's, a company famous for bringing robotic process automation to the enterprise, but with a broader lens on the AI hurdles companies face, and touch more 'hand-holding'. Quantum Rise deploys AI into companies under a so-called “Consulting 2.0” model to automate workflows, roadmaps, tailored AI solutions, and generally accelerate businesses. The startup is the second act from Alex Kelleher , the former founder of adtech platform Cognitive Match which was acquired by Magnetic back in 2014. For some context on the potential market opportunity for AI-driven automation, consulting giant BCG expects to generate a fifth of its revenues in 2024 from helping corporations integrate AI, and 40% by 2026. Meanwhile, IBM has secured more than $1 billion in sales commitments related to generative AI. This suggests a space is opening up for swift-moving startups to enter the are
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PATH
News
- Class Action Filed Against UiPath, Inc. (PATH) - August 19, 2024 Deadline to Join – Contact Levi & KorsinskyAccesswire
- PATH SHAREHOLDER CLASS ACTION: BFA Law Alerts UiPath, Inc. (NYSE:PATH) Investors that Lost Money to Contact Us about Approaching Court Deadline Accesswire
- Class Action Filed Against UiPath, Inc. (PATH) - August 19, 2024 Deadline to Join - Contact Levi & KorsinskyAccesswire
- Robbins LLP Reminds PATH Investors of the Pending Securities Fraud Class Action Lawsuit Filed Against the CompanyGlobeNewswire
- Levi & Korsinsky Notifies UiPath, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - PATHAccesswire
PATH
Earnings
- 5/29/24 - Beat
PATH
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- PATH's page on the SEC website