Funding

[Funding alert] Amsterdam-based Orq.ai Secures €2.3 Million in Pre-Seed Funding

Mar 13, 2024 | By Startup Rise EU

Orq.ai is the first European all-in-one Generative AI platform for Enterprises to integrate with various Large Language Models (LLMs) and enable close collaboration across the organization Secures €2.3 Million in Pre-Seed Funding.

Orq.ai is the first European all-in-one Generative AI platform for Enterprises to integrate with various Large Language Models (LLMs) and enable close collaboration across the organization Secures €2.3 Million in Pre-Seed Funding.

Read also - London-based Cogna Secures £3.76Million in Funding

After a first oversubscribed pre-seed funding round of EUR 800k in September 2023, we closed an extension round of an additional EUR 1.5M. We are also launching two new products, Experiment and Optimize.

Sohrab Hosseini, co-founder of Orq.ai secures, "The complexity and speed of new possibilities in Generative AI requires a new way of working and new tools for organizations. Our goal is to demystify AI by making it accessible to everyone. With our integrated Generative AI platform that meets the highest EU security and data protection standards, Orq.ai is the right partner for companies to stay competitive. We see our existing Enterprise clients already using Orq.ai as an enabler for larger AI transformations and new ways of working, Anthony and I are very excited about this new round of funding and look forward to continuing to launch new products that help clients internalize AI innovation safely and responsibly."

The current financing round is led by XO Ventures of Bart Malenstein (Former CEO Bergman Clinics and Founder/CEO Quin.md) and Marc van Meerwijk, as well as German-based xdeck ventures. Existing investors Curiosity VC and Spacetime from Adriaan Mol (founder of Mollie and Bird CRM) also joined this round.

The new investments will be used to expand the product team and the go-to-market team for the European market. The initial focus will be on Germany and the Benelux countries.

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Bart Malenstein, Managing Partner at XO Ventures said, "We are very excited to work with founders Sohrab and Anthony and the entire Orq.ai team to help them further develop and roll out their cutting-edge Generative AI platform, As the complexity and number of Generative AI models continues to grow, there is a great need for a solution that enables AI transformations and seamlessly integrates AI models in the business. Orq.ai provides such a solution via a highly user-friendly platform that empowers non-technical team members, such as domain experts and product managers,".

Markus Gick, Managing Partner at Cologne-based xdeck Ventures said"At xdeck, we believe that the Generative AI market is rapidly verticalizing, and new use cases for different AI models, ranging from chatbots to other applications, are on the rise. Orq.ai provides the right toolkit for enterprises and AI startups alike to infuse their work with AI using experimentation, operations, and optimization,".

About orq.ai

orq.ai, formerly known as Orquesta.cloud, was founded in 2022 by Sohrab Hosseini and Anthony Diaz. It empowers companies to seamlessly integrate and operate their products using the capabilities of Generative AI through a unified collaboration platform.

Read also - London-based Ada Ventures Secures €73.7 Million in Funding

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