Induced AI, an enterprise AI automation startup, said on October 4 that it raised $2.3 million in a round led by Open AI co-founder Sam Altman, Peak XV and SV Angel. The startup was founded earlier this year by two Indian teenagers.
Signalfire, Superscrypt, SV Angel, IDEO Colab Ventures, Human Capital, On Deck, and Untitled Ventures also participated in the round.
The startup was recently also a part of AI Grant’s Batch 2. "We’re thrilled to have Nat Friedman (former CEO, Github) and Daniel Gross (ex-YC and Pioneer) join us as well," the company said in a statement.
Founded earlier this year by 18-year-old Aryan Sharma and 19-year-old Ayush Pathak, the startup is building “AI workers that act as an extension of your team to complete tasks and projects. Have them work on doing sales, compliance, internal ops and any other browser task you can imagine”.
The startup is taking an infrastructure-centric approach, wherein it is built cloud-first, which will allow any task the user automates to run in the background without affecting their computer. Instead of running on a standard browser, Induced AI has developed a purpose-built browser for automated workflows.
“Induced allows automation of workflows that require real-time reasoning or dynamic judgement (filtering leads, cross-referencing documents, memory.etc) — things that are hard and painful to setup with traditional browser automation/RPA,” Sharma wrote on X, formerly Twitter.
He said they were working with a select few customers over the past few weeks and "sharing access with more people today onwards”.
A clutch of prominent angel investors, too, who participated in the latest funding round. These 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.
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