Antler Elevate, Antler’s US$285 million Collection A+ fund, has reaffirmed its dedication to investing in AI-native startups which can be redefining application-layer software program. A
As AI continues to revolutionise the sector, Antler Elevate believes that AI-native firms will develop software program that’s ten instances extra environment friendly than present options, and at an unprecedented tempo.
Developments in AI have moved past automating primary, rules-based duties. AI now processes huge quantities of structured and unstructured information, providing insights, producing suggestions, and executing complicated duties with rising autonomy.
This transformation permits AI-native startups to ship considerably extra succesful software program and a vastly improved consumer expertise.
Chris Millisits, Associate at Antler Elevate, highlighted the disruptive potential of AI-driven software program:
“AI-native startups have this wow issue that wins over early prospects. On the root of this wow issue – the AI does complicated duties that might usually take a number of individuals engaged on them full-time.”
Antler Elevate is especially all for startups that prioritise automation on the core of their software program. Whereas AI-assisted instruments improve present workflows, totally automated AI options provide a tenfold enchancment in effectivity.
The agency is actively in search of to help founders who’re driving in the direction of this imaginative and prescient of full automation, quite than merely leveraging AI for incremental positive factors.
Antler Elevate has recognized fintech as a key sector poised for AI-driven transformation. AI is already streamlining crucial processes throughout varied verticals.
In accounts payable (AP) and accounts receivable (AR) automation, AI-powered options are enhancing bill technology, fee processing, and income reporting.
Inside accounting and tax, startups are utilizing AI to reinforce bookkeeping, reconciliation, and monetary reporting.
Monetary establishments are additionally benefiting from AI in analysis and monetary evaluation, the place AI brokers are automating information processing and memo technology.
Equally, AI is optimising know-your-customer (KYC) and onboarding processes by expediting buyer due diligence, automating onboarding evaluations, and helping with regulatory compliance.
Regulatory compliance itself is one other space the place AI is driving effectivity, enabling real-time monitoring and adherence to complicated monetary rules.
In auditing, AI-powered instruments are getting used to detect fraud, generate stories, and put together proof.
In the meantime, the insurance coverage sector is quickly adopting AI to automate claims processing and underwriting, considerably decreasing guide effort.
Wealth administration can also be present process a change, with AI optimising portfolio administration, funding advisory companies, and buyer communications.
AI-driven automation is enhancing effectivity for each monetary establishments and their purchasers, paving the way in which for a extra seamless and clever monetary ecosystem.
Featured picture credit score: edited from freepik
