Startups

Akooda is using AI to help companies understand their business with fewer meetings

Comment

Man standing in front of big blue screen with charts and data spread out before him.
Image Credits: Weiquan Lin / Getty Images

As organizations grow, it becomes harder to understand what’s happening operationally across departments inside a company. We tend to use meetings to try and figure out what others are doing, which isn’t terribly efficient. Akooda is an early-stage startup trying to help solve that problem by using AI to analyze the company’s internal software stack to better understand the inner workings of the organization without having to meet to figure it out — or at least meet less.

Employees can instead use generative AI to ask questions about the data Akooda is compiling. Today, the company announced an $11 million seed investment.

Akooda CEO Yuval Gonczarowski says that his company looks at the SaaS tools running inside an organization and builds a picture of what’s happening operationally across the company. “We connect to the entire public digital footprint of your organization including public Slack messages, Confluence documentation, pieces of code, sales entries in Salesforce and HubSpot, JIRA tickets — anything where knowledge is created in the company,” Gonczarowski told TechCrunch.

He says that the software tears this information apart, then builds it back up in a way that makes sense for individuals and managers to ask any questions they want about their organization, giving a ChatGPT kind of experience to better understand the details they might not normally have access to without a lot of tedious meetings and reporting.

While the company is using large language models to achieve this level of understanding, Gonczarowski says it’s more nuanced than that because he doesn’t want to use a company’s private data to train the models. Instead they turn to statistical modeling and analysis to look at the customer’s unique lexicon, what they call the company’s “rare words.” Akooda analyzes each company’s own internal lingo — its acronyms, project names and customer names, he says. This helps personalize the software for each company and industry without explicitly using their data to train the models.

The next step on the product roadmap will take the software from simply answering questions to tease out information about the company and add an anomaly detection engine to surface potential problems in an automated fashion. So for example, if the software detects that a low-revenue customer is taking up a lot of internal resources, it may flag that for managers. A human could potentially find that same information if they knew to ask the right questions, but having the AI tell the manager is going to be more efficient (assuming it reports on meaningful issues).

He says this still involves human decision makers, but it’s giving them better information on which to base their decisions. “If I look at things from a more theoretical level, an abstracted level, the role of the human in the loop is not going to change. We are still the conscientious decision makers, but collecting the data and putting those things on the table that will allow us to make a decision is something that is fundamentally going to change the way we manage companies,” he said.

The company currently has 16 employees and is hiring for some open roles. Gonczarowski says that he has been managing people throughout his career, and he sees diversity as a natural by-product of how you hire. “There is a very simple way to do that: you hire the best and you give everyone a fair chance and then it just happens. And that’s my leadership’s approach,” he said.

As an example he has been part of an initiative inside Israel to hire Russian and Ukrainian immigrants coming to Israel. “That is an initiative that we took an active part in from Day Zero. It’s something that we hold very near and dear to our hearts.”

Today’s investment came from a variety of firms including NFX, Atlassian Ventures, Village Global and Founder Collective, as well as other unnamed angels.

More TechCrunch

Here’s what one insider said happened in the days leading up to the layoffs.

Tesla’s profitable Supercharger network is in limbo after Musk axed the entire team

StrictlyVC events deliver exclusive insider content from the Silicon Valley & Global VC scene while creating meaningful connections over cocktails and canapés with leading investors, entrepreneurs and executives. And TechCrunch…

Meesho, a leading e-commerce startup in India, has secured $275 million in a new funding round.

Meesho, an Indian social commerce platform with 150M transacting users, raises $275M

Some Indian government websites have allowed scammers to plant advertisements capable of redirecting visitors to online betting platforms. TechCrunch discovered around four dozen “gov.in” website links associated with Indian states,…

Scammers found planting online betting ads on Indian government websites

Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company.  Earlier this week, TechCrunch reported…

Motional cut about 550 employees, around 40%, in recent restructuring, sources say

The deck included some redacted numbers, but there was still enough data to get a good picture.

Pitch Deck Teardown: Cloudsmith’s $15M Series A deck

The company is describing the event as “a chance to demo some ChatGPT and GPT-4 updates.”

OpenAI’s ChatGPT announcement: What we know so far

Unlike ChatGPT, Claude did not become a new App Store hit.

Anthropic’s Claude sees tepid reception on iOS compared with ChatGPT’s debut

Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Look,…

Startups Weekly: Trouble in EV land and Peloton is circling the drain

Scarcely five months after its founding, hard tech startup Layup Parts has landed a $9 million round of financing led by Founders Fund to transform composites manufacturing. Lux Capital and Haystack…

Founders Fund leads financing of composites startup Layup Parts

AI startup Anthropic is changing its policies to allow minors to use its generative AI systems — in certain circumstances, at least.  Announced in a post on the company’s official…

Anthropic now lets kids use its AI tech — within limits

Zeekr’s market hype is noteworthy and may indicate that investors see value in the high-quality, low-price offerings of Chinese automakers.

The buzziest EV IPO of the year is a Chinese automaker

Venture capital has been hit hard by souring macroeconomic conditions over the past few years and it’s not yet clear how the market downturn affected VC fund performance. But recent…

VC fund performance is down sharply — but it may have already hit its lowest point

The person who claims to have 49 million Dell customer records told TechCrunch that he brute-forced an online company portal and scraped customer data, including physical addresses, directly from Dell’s…

Threat actor says he scraped 49M Dell customer addresses before the company found out

The social network has announced an updated version of its app that lets you offer feedback about its algorithmic feed so you can better customize it.

Bluesky now lets you personalize main Discover feed using new controls

Microsoft will launch its own mobile game store in July, the company announced at the Bloomberg Technology Summit on Thursday. Xbox president Sarah Bond shared that the company plans to…

Microsoft is launching its mobile game store in July

Smart ring maker Oura is launching two new features focused on heart health, the company announced on Friday. The first claims to help users get an idea of their cardiovascular…

Oura launches two new heart health features

Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of recent stories in the world…

This Week in AI: OpenAI considers allowing AI porn

Garena is quietly developing new India-themed games even though Free Fire, its biggest title, has still not made a comeback to the country.

Garena is quietly making India-themed games even as Free Fire’s relaunch remains doubtful

The U.S.’ NHTSA has opened a fourth investigation into the Fisker Ocean SUV, spurred by multiple claims of “inadvertent Automatic Emergency Braking.”

Fisker Ocean faces fourth federal safety probe

CoreWeave has formally opened an office in London that will serve as its European headquarters and home to two new data centers.

CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers

The Series C funding, which brings its total raise to around $95 million, will go toward mass production of the startup’s inaugural products

AI chip startup DEEPX secures $80M Series C at a $529M valuation 

A dust-up between Evolve Bank & Trust, Mercury and Synapse has led TabaPay to abandon its acquisition plans of troubled banking-as-a-service startup Synapse.

Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse

The problem is not the media, but the message.

Apple’s ‘Crush’ ad is disgusting

The Twitter for Android client was “a demo app that Google had created and gave to us,” says Particle co-founder and ex-Twitter employee Sara Beykpour.

Google built some of the first social apps for Android, including Twitter and others

WhatsApp is updating its mobile apps for a fresh and more streamlined look, while also introducing a new “darker dark mode,” the company announced on Thursday. The messaging app says…

WhatsApp’s latest update streamlines navigation and adds a ‘darker dark mode’

Plinky lets you solve the problem of saving and organizing links from anywhere with a focus on simplicity and customization.

Plinky is an app for you to collect and organize links easily

The keynote kicks off at 10 a.m. PT on Tuesday and will offer glimpses into the latest versions of Android, Wear OS and Android TV.

Google I/O 2024: How to watch

For cancer patients, medicines administered in clinical trials can help save or extend lives. But despite thousands of trials in the United States each year, only 3% to 5% of…

Triomics raises $15M Series A to automate cancer clinical trials matching

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Tap, tap.…

Tesla drives Luminar lidar sales and Motional pauses robotaxi plans