Y Combinator-backed AI startup Crux raised $2.6 M Seed funding from Emergent Ventures
Crux, an AI startup supported by Y Combinator, has raised $2.6 million in a seed round led by Emergent Ventures, with Neon Fund and Y Combinator also participating. Other investors, including First Cheque, also participated in the round.
Aayush Phumbra, cofounder of Chegg, Tej Redkar (CPTO, SumoLogic), Karthik Ramamoorthy (SVP, Products and GM, Zuora), Krishna Mehra (Director of Engineering, Meta), and other prominent figures in the industry support Crux.
The startup, which was founded in 2022 by Himank Jain, Atharva Padhye, and Prabhat Singh, assists B2B SaaS teams in creating embedded AI copilots more quickly. It develops AI models, similar to OpenAI’s ChatGPT, that provide straightforward answers to inquiries about business data.
Crux joined the group of startups that Y Combinator is investing in for the winter of 2024, along with ParcelBio, Million.js, Quivr, Forge, and Dragoneye.
“With assistance from LLMs as well as traditional deterministic models, we are creating a Decision-Making AI Copilot for Enterprises. This Copilot will be fully aware of your business context, preferences, KPIs, and macro-trends and will take you from Intent to Action in merely seconds,” said the company in a blog post.
According to the startup, Copilots built with Crux are over 98% accurate, use 1/10th the resources, go live in less than a week, and are used by some of the top SaaS unicorns.
Crux also mentioned that before the platform took on its current configuration, it underwent approximately 15 pivots.
