Induced AI, a Silicon Valley-based enterprise AI automation startup, has recently raised $2.3 million in a round led by OpenAI’s co-founder Sam Altman, who has already backed Uncommon and Locket Labs, Peak XV, and SV Angel. Other investors in the round include Signalfire, Superscrypt, SV Angel, IDEO Colab Ventures, Human Capital, On Deck, and Untitled Ventures.
Another list of angel investors who contributed to this investment include Balaji Srinivasan (former CTO Coinbase), Julian Weisser (Co-founder, On Deck), Tyler Willis (Co-founder, Unsupervised), Cory Levy (Z Fellows), Nakul Gupta (ex-Coinbase), Ankur Nandwani (Founder, ZetaChain), Sudarshan Sridharan (Founder, Pipeline), Rahul Agarwal (Co-founder, Valent), Enzo Coglitore, Daksh Miglani (Co-founder, Valent), Rahul Rai, Sanat Kapur (Dragonfly Capital), Kyler Wang and Karan Dalal.
As a part of this deal, Nat Friedman (former CEO, Github) and Daniel Gross (ex-YC and Pioneer) have joined Induced AI.
The brainchild of Indian teen prodigies
Induced AI was founded in 2023 by two Indian-origin teenagers Aryan Sharma and Ayush Pathak in Silicon Valley, US. The company aims to assist businesses in automating numerous workflows in previously unexplored ways. It enables businesses to input their workflows in simple English and converts them into pseudo-code in real time for numerous repetitive tasks.
As per the company, it is a cloud-first platform, letting users automate tasks in the background without affecting their computers. With an infrastructure-centric approach, it does not need a standard browser to run automated workflows. What’s more is its browser has automated interaction capabilities and LLM reasoning built-in. It also handles authentication and has access to a file system and memory for running complex workflows.
“We’ve purpose-built a browser environment on top of Chromium that’s designed for autonomous workflow runs. It has its own memory, file system, and authentication credentials (email, phone number) to do complex flows. As far as I know, we’re the first to take this approach of redesigning the browser for native AI agent use. So complex logins, 2FA (we auto fill in auth codes/SMSs), file downloads, storing and re-using data is possible that other autonomous agents can’t do,” said Aryan Sharma, Induced AI co-founder and CEO.
“Induced is the definition of RPA 3.0. Not only are they taking a huge leap forward in providing true human-like interaction and efficiency, they democratise access by allowing users to describe their workflows in natural language and execute parallel agents any back-office workflow,” said SignalFire’s Elaine Zelby in a statement.
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