Global businesses are rushing to adopt AI. The Japanese startup Flux is going after businesses there that want to operate more effectively and cheaply.
Flux, a Japanese startup, raised $32 million in bridge funding under the direction of DNX Ventures. Aozora Corporate Investment, Sony Innovation Fund, Salesforce Ventures, NTT DoCoMo Ventures, Archetype Ventures, Coinbest, and SMBC Nikko Securities are a few additional investors.
The company created Flux AI, a no-code AI platform. According to Flux, the platform enables companies to use AI technologies like large language models, natural language processing, and predictive analytics without the need for coding expertise.
The startup recently completed a series B round led by DNX Ventures that raised US $32 million.
The business claims that it gathers more than 100 terabytes of data each month from its services, which it uses to train and enhance its models. Currently, digital marketing and advertising are the main uses of its services.
Flux will use the additional funding to increase the number of engineers it employs and broaden the scope of its product offerings beyond marketing and advertising and AI research.
The market for generative AI, which Bloomberg Intelligence predicts will generate US $1.3 trillion in revenue by 2032, is currently experiencing unprecedented global interest.