Austria

[Funding alert] Vienna-based Proofcheck Secures €500k in Pre-Seed Funding

Feb 2, 2024 | By Startup Rise EU

Vienna-based Proofcheck secures €500k in pre-seed funding. The German-Swiss 5502 Fund of BackBone Ventures led this investment in its early stages.

Vienna-based Proofcheck secures €500k in pre-seed funding. The German-Swiss 5502 Fund of BackBone Ventures led this investment in its early stages.

Other participants in the round included American technologist Kyle Kosic, an early OpenAI engineer who worked on ChatGPT and recently co-founded xAI with Elon Musk; Austrian entrepreneur and business angel Gernot Singer; and the European super angel fund Angel Invest, helmed by partner Mara Larson-Richard.

Read also - Krakow-based edrone Secures €4.6 Million in Funding

With the pre-seed funding, the business will expand its capabilities to support the whole corporate content creation lifecycle, including the editing and design phases, and expedite the development of its AI-powered platform.

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Additionally, the money will help Proofcheck expand its clientele into the publishing industry, a $132 billion global business, and other areas.

Read also - Amsterdam-based DataSnipper Secures $100Million in Series B Round Funding

CEO Tara Więckowska-Merrigan said, “Our platform not only establishes a high-quality editorial baseline that streamlines designed content workflows but also meticulously maintains an audit trail of work, who previously worked in book, magazine, and academic publishing, including at the global media company Condé Nast. “By consolidating and automating disparate tedious tasks, Proofcheck ensures a substantial return on investment through unparalleled efficiency gains and time savings.”

With Proofcheck's software, created PDFs—the standard file format for professional content—now include visually aware, "pixel-perfect" AI checking. Approximately twelve book publishers in North America and Europe currently use Proofcheck, including some of the biggest commercial publishers in Germany and the US.

Read also - Galway-based CitySwift Secures €7Million in Funding

Philippe Bernet, founding partner at BackBone Ventures said, “BackBone is delighted by the collaboration with Tara and Alex. During the investment process, we were captivated by their intelligence, humility, complementary skill set, and extensive network within the publishing and AI industry, With very limited resources, they have crafted an astonishing product already recognized by industry giants who reached out to Proofcheck solely based on a short press announcement. We eagerly anticipate the promising journey ahead with this dynamic team.”

Unlike other LLM startups, Proofcheck's platform combines a combination of proprietary algorithms and open-source models that have been specially trained to produce high-fidelity findings while protecting customer intellectual property, as opposed to using generic transformer models like ChatGPT.

Read also - Hamburg-based airfocus Secures $7.5Million in Funding

Proofcheck investor and advisor Kyle Kosic, the xAI cofounder and former Open AI engineer said, “Proofcheck goes beyond what any commodity LLM can alone achieve, offering refined tools for each of the many tasks burdening publishers, The resulting product has all of the capabilities and convenience of an AI engine, but it performs with the thoroughness and transparency of a diligent content editor. Most importantly, Proofcheck has found a powerful recipe for building high-quality software – Tara’s vision and industry knowledge intimately paired with Alex’s world-class engineering abilities.”

About Proofcheck

The enterprise AI proofing platform Proofcheck is spearheading the transformation in content quality assurance powered by machine learning. Their platform is the best quality assurance solution for professionals that need to produce immaculate long-form material, such as books, ebooks, white papers, and reports. It is driven by cutting-edge artificial intelligence.

Read also - Stockholm-based Version Lens Secures Pre-Seed Round Funding

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