Danish AI Startup Responsiblely Secures Seed Funding for $2.4 Million. Leading venture capital companies Hambro Perks and Pi Labs lead the round.
In order to achieve its aim of democratizing access to sustainable procurement, this new cash will be utilized for investments in its unique AI engine.
Responsibly, a Danish company with headquarters in Copenhagen, uses professional data and AI technology to give thorough assessments of a supplier’s sustainability initiatives. As a result, companies have the ability to automate their contacts with providers and direct them toward a course of continuous enhancement.
Since the launch of ChatGPT, artificial intelligence (AI) has attracted a lot of media interest. The use of AI chatbot methods like ChatGPT for jobs like creating content, image and video creation, and even software engineering has drawn a lot of attention.
Generative AI is utilized by AI businesses like Responsibly to take on complex business problems and deal with global challenges.
Responsibly founder and CEO Thomas Buch Andersson said: “Our mission is to make every b2b purchase in the world truly sustainable and ethically responsible by leveraging cutting-edge AI-driven technology.”
Andersson continued: “The funding from Hambro Perks and Pi Labs will allow us to further invest in our proprietary AI engine, so we can expand our functionality to capture more data types, democratizing access to sustainable procurement.”
Laura Noorani, investment manager at Hambro Perks, said: “We know that supply chains generate the bulk of most companies’ sustainability risks and opportunities. But understanding and influencing the myriad of issues across the supply chain is a notoriously challenging task, given the far-reaching and interdisciplinary nature of the problem.”
Noorani added: “Responsibly’s automated approach, which leverages a wealth of existing data and certifications from Sedex to B Corp certifications to ISO, strikes us as the most efficient, realistic way to address an enormous challenge at scale. We are excited to see Responsibly become the one-click, single source of truth for information on a company’s ESG credentials.”
Responsibly was established in 2021 by seasoned businessman Thomas Buch Andersson, who has a successful track record in impact and technological businesses.
Responsibly is led by Thomas Buch Andersson, a former management consultant at The Boston Consulting Group who in addition founded Ofload, a green startup aimed at decreasing the carbon footprint in the trucking sector. Ofload has received over $80 million in funding to date and closed a $60 million Series B round last year.