Indian BeehiveNews

WorkHack secures USD 1.5 Million

WorkHack has secured $1.5 million in funding. The startup aims to develop its AI technology layer. The funding round was co-led by Together Fund and Nexus Venture Partners. The funding round also saw participation from The New Normal Fund and several prominent angel investors.

Commenting on this, Akshit Tyagi, founder, WorkHack said, “ChatGPT is an exciting consumer tool to play with and there is palpable excitement among companies also, even large customer engagement platforms like Intercom, Hubspot and Salesforce have attempted to use generative AI within their current products. WorkHack answers the questions of how to make the adoption scale responsibly. We will be the stable AI layer that enterprises trust for solving their generative AI journey. Our core strength is recognizing what areas of human interactions can significantly benefit from a technology that appears to be able to think and reason”.

He further added, “Many companies are trying and have tried to train their own LLMs for security reasons, but more often than not, these do not stand a chance against models built by larger tech companies. WorkHack will be the layer on the top of existing LLMs to make it viable for businesses to move forward with AI adoption.”

Manav Garg, founding partner, Together Fund & CEO Eka said, “We are thrilled to partner with Workhack, a leading provider of generative AI solutions. As every business will need tools to control and leverage Generative AI to drive better customer engagement, we believe that Workhack is the ideal partner for the businesses to achieve that goal. Workhack’s platform makes it seamless for any consumer-facing enterprise to make AI goals driven towards their sales & marketing use cases, in a predictable and secure fashion.”

“Application layer for generative AI till now has primarily aided activities like copywriting and graphic editing. WorkHack aims to build predictability and goal alignment for companies to deploy and find their own interesting use-cases of Gen AI. We are thrilled to partner with Akshat and the WorkHack team to help drive the adoption of Generative AI at scale”, commented Jishnu Bhattacharjee, managing director, Nexus Venture Partners.

The startup is looking to bridge the gap between advanced AI technology and its practical applications in business. While ChatGPT has gained significant traction, commercial use of ChatGPT has been limited to copywriting and search chatbots which is where WorkHack steps in. The startup will seek to enable businesses in order to deploy safe and responsible AI functions without the need to develop their own AI models.

In order to overcome the challenges that come with AI, WorkHack has been developing tools that facilitate the deployment of ethical and responsible AI. Which includes value delivery, risk management, trust, transparency, fairness, accountability, safety, privacy, and regulatory compliance. However, it is anticipated that the mainstream adoption of responsible AI might take 5 to 10 years.

The Bengaluru based startup was founded in 2021 by Akshit Tyagi. Initially, the startup focused on building AI for interviews by using GPT3 specifically for the recruitment industry.

Currently, WorkHack is serving as an infrastructure provider which offers use case templates for firms to create custom conversational agents. With Gartner’s prediction that by 2025, 30% of outbound marketing messages from large organizations will be synthetically generated, coming true.

 

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