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Check out the 11-slide pitch deck these ex-DeepMind staffers used to raise $5.5 million for their large language model startup Glyphic AI
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- Two DeepMind alumni have launched a startup that deploys large language models to sales teams.
- London-based Glyphic AI has raised $5.5 million from Point72 Ventures.
- Check out the 11-slide pitch deck used to secure the fresh funds.
A startup founded by former DeepMind staffers using AI to help sales teams just raised $5.5 million in fresh funds.
London-based Glyphic AI, founded last year, has developed a “copilot” that automates an array of manual processes in the sales process. The company’s tool, built using large language models (LLMs), analyzes customer interactions and provides insights into sales strategies. LLMs are deep-trained algorithms that use large datasets to generate, summarize, recognize, and analyze content.
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Often, sales teams are burdened with admin tasks such as data entry, which take up a lot of their time. Glyphic’s copilot uses LLMs for three main functions, to expedite many of their day-to-day tasks. The copilot can be plugged into video calls, and the team is currently looking at integrating it into other video software.
“Before the call, it helps sales reps prepare for the call. During the call, if a specific question or objection comes up, it helps them handle it. After the call, it helps them understand the needs of the clients,” said Adam Liska, cofounder and CEO of Glyphic AI. “All this information can be aggregated so they can figure out why this deal is closing but another one isn’t.”
With the recent explosion of ChatGPT catapulting many AI startups into the spotlight, VCs are scrambling to invest in AI startups that enhance workplace productivity. Liska noted that, amid a tougher funding environment, their investors saw a lot of potential in their use of LLMs, and how these can revolutionize sales.
“What is the current cutting-edge use of LLMs? Specifically, one application is a deep understanding of what happens in the call, and what the sentiment is,” said CTO Devang Agrawal.
Glyphic AI is currently targeting scaleups as its main client base, but its technology can be used by startups and enterprises alike, said Liska. As the startup grows, it aims to operate a subscription-per-user service as a means of generating revenue.
The pre-seed round was led by Point72 Ventures, a multi-stage venture capital firm that’s backed the likes of Shield AI and Unbabel. Additional funding came from the Creator Fund, Dhyan Ventures, and strategic angels such as Mehdi Ghissassi, head of product at DeepMind, and Google Bard director Rushin Shah.
With the fresh funds, Glyphic AI will build out its team, and hone in on its AI and software development.
Check out the 11-slide deck used to secure the fresh funding.
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