Moveo.AI, a London-based startup specialising in enterprise conversational AI solutions, has secured £2.1 million in seed funding to enhance its platform and Large Language Models (LLMs), with a focus on providing businesses with personalised AI agents.
Moveo.AI’s technology combines workflow automation with cutting-edge Generative AI. Their proprietary LLMs are specifically designed for business settings, optimising customer experience metrics like latency, factual accuracyand reduced repetition compared to generic models like GPT-4.
This funding round demonstrates continued confidence in Moveo.AI’s vision. Early investors who backed the company’s $400,000 pre-seed round in 2021 have doubled down on their investment, a testament to the company’s innovative approach to AI-powered customer experiences.
The investment will bolster the company’s research and development team and its international expansion plans, particularly in America. This expansion strategy will involve scaling business teams and establishing strategic partnerships to create a stronger regional presence.
Panos Karagiannis, Moveo.AI’s CEO and co-founder, commented: “We are incredibly excited about this new round of funding, which marks a pivotal moment for Moveo.AI. This investment validates our team’s hard work and dedication and reinforces our mission to provide enterprises with secure, personalized LLM solutions they can rely on. With these new resources, we aim to enhance our platform’s capabilities, expand our talented team, and broaden our reach into new markets. We look forward to forging new partnerships and continuing to innovate in the AI space, thus advancing our vision of revolutionizing enterprise AI solutions.”
Moveo.AI has seen impressive growth over the past year. The company boasts a rapidly expanding customer base and revenue has doubled in the time that the team size has tripled. Further solidifying their international presence, Moveo.AI has opened a branch in São Paulo, Brazil, to tap into the thriving LATAM market. Currently, Moveo.AI serves over 10 million users monthly across 89 countries and 21 languages.
