Moveo.AI today announced the successful closure of a $2.6 million seed funding round. This investment will fuel the company’s mission to enable enterprises to build private, personalized Large Language Model (LLM) Agents they can trust.
Founded by Panos Karagiannis and George Karagiannis, Moveo.AI is on a mission to make complex AI technology accessible and simple to use. The startup empowers enterprises to maximize their data potential, scale operations, and deliver immersive customer experiences through its proprietary Large Language Models (LLMs).
The seed round was led by Eleven Ventures, with participation from Uni.Fund and Charge.vc. In a strong show of confidence, early backers from the company’s $400K pre-seed round in 2021 have also doubled down on their initial investments, underscoring their belief in Moveo.AI’s vision and approach to enhancing customer experiences through AI technology.
“When it comes to the customer journey – from support issues to sales transactions – people are expecting instant, accurate, relevant, just-in-time interactions. This is something humans can no longer deliver. But AI can!” said Svetozar Georgiev, Partner at Eleven Ventures. “We identified Moveo as a top contender to radically improve the way businesses interact with customers. Their impressive client roster, including big banks and retailers, speaks to their potential.”
Moveo.AI’s platform stands out in the rapidly evolving AI landscape by offering a perfect blend of workflow automation and Generative AI. The company’s proprietary LLMs are specifically fine-tuned for enhancing customer experience in business settings, outperforming third-party models like GPT-4 in critical CX-related metrics such as latency, hallucination, and repetition.
Headquartered in New York with offices in Athens and Sao Paulo, Moveo.AI is positioned to support customers worldwide. The company’s innovative approach uses historical and real-time data to create self-improving GenAI agents that deliver end-to-end customer and employee experiences.
With this new funding, Moveo.AI plans to accelerate its product development, expand its global reach, and further enhance its AI capabilities. The company aims to solidify its position as a leader in AI-driven customer experience solutions, helping more enterprises navigate the complexities of customer engagement in the digital age.
