Moveo.AI Secures €2.3 Million in Seed Funding to Revolutionize Enterprise Conversational AI
Moveo.AI: Revolutionizing Enterprise Conversational AI with €2.3 Million in Seed Funding
In the fast-paced world of artificial intelligence, one startup is making waves with its groundbreaking approach to enterprise conversational AI. Moveo.AI, based in Greece, Sao Paulo, and New York, has recently secured over €2.3 million in seed funding to accelerate its mission of providing businesses with secure, private, and personalized large language model (LLM) agents.
Led by Eleven Ventures, with participation from Uni.Fund and Charge.vc, this funding round marks a significant milestone for Moveo.AI. The company’s innovative combination of Generative AI with workflow automation has positioned it as a leader in the enterprise AI space, setting it apart from competitors.
What sets Moveo.AI apart is its proprietary LLMs, which have been fine-tuned to excel in customer experience metrics, surpassing even third-party models like GPT-4 in key areas such as latency, hallucination, and repetition. This level of performance has attracted prominent enterprises such as Betano, Allianz, and Alpha Bank to partner with Moveo.AI, leading to a doubling of revenue and tripling of the team in the past year.
The company’s expansion into the LATAM market with a new branch in São Paulo further solidifies its position as a global player in the AI space. With over 10 million users monthly across 89 countries in 21 languages, Moveo.AI is making a significant impact on the future of Generative AI applications in the FinTech sector.
Panos Karagiannis, CEO and co-founder of Moveo.AI, expressed his excitement about the investment, stating, “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.”
Svetozar Georgiev, Partner at Eleven Ventures, also shared his enthusiasm for the partnership, highlighting Moveo.AI’s potential to revolutionize customer engagement for businesses. With this fresh injection of capital, Moveo.AI is well-positioned to continue its rapid growth and solidify its status as a leader in the enterprise AI landscape.
As Moveo.AI sets its sights on further international expansion in 2024, targeting key markets in the Americas, the future looks bright for this pioneering startup. With a focus on enhancing platform capabilities, expanding the talented team, and forging new partnerships, Moveo.AI is poised to shape the future of enterprise AI solutions. Stay tuned for more exciting developments from this innovative company!
