Moveo.AI funding news – Greece-based Moveo.AI Secures Over €2.3 million in Seed Funding

Eleven Ventures led the investment round, with Charge.vc and Uni.Fund following. By increasing their contributions, early backers of Moveo.AI during its $400K pre-seed round in 2021 shown their continued faith in the business.

Moveo.AI has established itself as a leader in the enterprise AI market thanks to its creative approach to fusing workflow automation with generative AI. Businesses are looking more and more to use the newest AI developments to improve customer experiences and optimize processes.

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The unique LLMs from Moveo.AI stand out for its exceptional performance, dependability, and data safety. These LLMs are specially adjusted to outperform third-party models like GPT-4 in critical domains like latency, hallucination, and repetition. They are specifically designed to thrive in customer experience (CX) metrics.

Moveo.AI has grown significantly, tripling its workforce, doubling its revenue, and adding notable companies like Allianz, Alpha Bank, and Betano to its clientele. With the launch of a new branch in São Paulo, the company has further expanded its reach into the LATAM market, now serving over 10 million users per month in 89 countries across 21 languages.

Moveo.AI's influence on the direction of Generative AI applications in the FinTech industry has been acknowledged by a number of awards, such as the Visa Innovation Program Europe selection and first place in SE Europe and Israel at the Mastercard Fintech Forum.

With an emphasis on providing private and customized AI agents that businesses can rely on, Moveo.AI will be able to further develop its platform capabilities and unique LLMs thanks to the recently raised capital. The funding will also help Moveo.AI's team continue to grow, especially in research and development, as the business aims to expand internationally in 2024, focusing on important markets in the Americas. In order to increase the company's regional footprint, this expansion strategy will entail growing business teams and establishing strategic alliances.

anos Karagiannis, CEO and co-founder of Moveo.AI stated: “This investment marks a pivotal moment for Moveo.AI. It 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, advancing our vision of revolutionizing enterprise AI solutions.”

Svetozar Georgiev, Partner at Eleven Ventures said: “In today’s world, customers expect instant, accurate, and relevant interactions throughout their journey, from support issues to sales transactions. This is a demand that AI can fulfil far better than humans. We identified Moveo.AI as a top contender to radically improve how businesses interact with customers. Their impressive client roster, including major banks and retailers, speaks to their potential. We are excited to be part of this journey and contribute to this significant shift in customer engagement.”

Moveo.AI is well-positioned to maintain its rapid expansion and establish itself as a leader in the enterprise AI space with this new round of funding, offering cutting-edge solutions that support companies in thriving in a more automated and AI-driven environment.

About Moveo.AI

Moveo.AI, their enterprise-grade platform, powered by generative AI and proprietary Large Language Models (LLMs), revolutionizes customer interactions with self-improving conversational AI agents. AI is what conversational AI was meant to be. Their goal is to demystify artificial intelligence (AI) so that businesses can utilize it to use their data, scale their operations, and improve consumer experiences.