A Chicago-Based Startup Revolutionizing Enterprise Consulting with Data Science and Robotics
Chicago-based Quantum Rise, a startup specializing in AI-driven automation for companies, has secured a $15 million seed funding round from Erie Street Growth Partners. This significant investment validates the potential of Quantum Rise’s innovative approach to enterprise consulting, which combines data science, robotics, and human expertise to automate workflows and drive business growth.
A New Era in Enterprise Consulting
Quantum Rise’s "Consulting 2.0" model sets it apart from traditional consulting firms by leveraging AI to provide tailored solutions and accelerate businesses. This approach is similar to UiPath’s robotic process automation (RPA) strategy, but with a broader focus on the challenges companies face when implementing AI.
Founders’ Vision
Alex Kelleher, co-founder of Quantum Rise and former founder of Cognitive Match, an adtech platform acquired by Magnetic in 2014, sees the potential for swift-moving startups to enter the arena. "The entire consulting industry is about to come crashing to the ground because it’s built on people’s time and lack of automation," Kelleher told TechCrunch.
A Growing Market Opportunity
The market opportunity for AI-driven automation is significant, with consulting giant BCG expecting to generate a fifth of its revenues in 2024 from helping corporations integrate AI. By 2026, this figure is expected to rise to 40%. Meanwhile, IBM has secured over $1 billion in sales commitments related to generative AI.
Human and Machine Intelligence
Kelleher believes that the future lies in merging human and machine intelligence: "We will bring heavy engineering to the space. The number of CEOs of these $300 million companies who don’t know where to start is enormous. They can’t afford the Deloittes of this world. That’s where we come in. They want somebody to come in and just automate the company and make it happen."
Unique Value Proposition
Terry Graunke, chairman and CEO of Erie Street Growth Partners, highlighted Quantum Rise’s unique value proposition: "The Quantum Rise team uniquely understands how to apply data, automation, and AI to augment human intelligence and drive growth."
Market Validation
Quantum Rise’s $15 million seed funding round from Erie Street Growth Partners demonstrates market validation for the startup’s innovative approach. With this investment, Quantum Rise is poised to revolutionize the enterprise consulting industry by providing tailored AI solutions that accelerate business growth.
The Path Forward
As the demand for AI-driven automation continues to grow, Quantum Rise is well-positioned to capitalize on this trend. With its unique Consulting 2.0 model and expert team, the startup is set to become a leading player in the enterprise consulting space. The future of work is changing rapidly, and companies need innovative solutions to stay ahead.
About the Author
Mike Butcher is Editor-at-large of TechCrunch, a renowned publication covering the latest developments in the technology industry. With a career spanning over two decades, Mike has written for UK national newspapers and magazines and has been named one of the most influential people in European technology by Wired UK.
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