Last Updated on 03/09/2024 by Arun jain
Zive, a new startup that demystifies companies’ data, has raised $3.2 million in pre-seed funding.
The German startup was founded in 2023 by the team behind Hailo, a bootstrapped employee intranet business that was sold to private equity group Marlin Equity Partners in 2020 for €10 million ($11 million).
Now, with Zive, the team wants to use generative AI to make large amounts of unstructured data more accessible to companies.
Based in Hamburg, Zive wants to reduce employees from using multiple apps in their workplace, which can be a time-consuming and manual process. In general, employees rarely use company intranets, and information is often out of date, with 80% of businesses’ data being unstructured, Zivna cofounder and CEO Jan Marius Marquardt told Business Insider.
The company uses various large language models, or LLMs, along with its proprietary knowledge graph to help users find, understand, and visualize information.
“We wanted to rethink knowledge management, and then General AI came along,” Marquardt said.
“If you look at the Big Data game, it has been played to the end but not in unstructured data. AI is the biggest productivity promise of the century. However, employees need a reliable AI platform that taps into the company’s existing knowledge and provides reliable answers while ensuring complete data protection,” he added.
Using LLMs, Zive’s platform captures information through plugins that include email, messaging and customer relationship management platforms. The company has built integrations for existing platforms such as SAP, Salesforce and Jira, which sync with employee permissions.
Zive’s pre-seed funding of $3.2 million was at an $11.5 million valuation by Headline. The funding will go toward hiring the company’s tech and product teams while maintaining a remote-first approach.
The company claims to have reached $110,000 in annual recurring revenue after just a few months of operation. Its pitch deck lists American-Dutch software company Elastic and Microsoft as competitors.
Check out Zive’s 14-slide pre-seeded pitch deck, shared exclusively with Business Insider, below:
Post Zive wants to make the company’s data more accessible — here’s the pitch deck it used to raise $3.2 million appeared first Business Insider.