The founding team of Moveo.AI: (from left to right) CEO Panos Karagiannis, AI boss George Karagiannis, CTO German Attanasio and President Thanos Papadimitriou.
Moveo.AI, a leading enterprise-grade conversational AI startup, raises $2.6 million to enhance its platform’s capabilities and expand its global presence.
— Panos Karagiannis, CEO and co-founder of Moveo.AI
NEW MILFORD, NEW JERSEY, UNITED STATES, August 27, 2024 /EINPresswire.com/ — Moveo.AI, an enterprise conversational AI startup, announces that it has raised $2.6 million in seed funding. Eleven Ventures led the seed round, with participation from Uni.Fund and Charge.vc, and early backers who participated in the 2021 pre-seed round of $400,000 doubled their original investment.
As enterprises explore the latest advancements in generative AI and look for automation beyond FAQs, Moveo.AI proves to be the perfect blend of workflow automation and generative AI. In a landscape where sophisticated AI-powered solutions are essential to maintain operational efficiency and productivity without compromising on data privacy and security, Moveo’s proprietary LLMs offer unmatched data protection and reliability. Moveo’s LLMs are tuned to improve the customer experience in business environments and outperform third-party models such as GPT-4 in terms of latency, hallucination and repetition, and other CX-related metrics.
Moveo.AI has experienced exponential growth over the past 12 months, expanding its client base to include companies such as Betano, Allianz and Alpha Bank, doubling its revenue and tripling its team. Moveo.AI recently opened an office in São Paulo to serve the booming LATAM market. As a result, Moveo.AI now serves over 10 million users each month in 89 countries and speaks 21 languages.
Furthermore, Moveo.AI’s role in shaping the future of GenAI applications for FinTech was recognized by the highly prestigious first place in Southeast Europe and Israel during the Mastercard Fintech Forum and the selection for the exclusive Visa Innovation Program Europe.
“We are incredibly excited about this new round of funding, which represents a pivotal moment for Moveo.AI,” commented Panos Karagiannis, CEO and co-founder of Moveo.AI. “With these new resources, we plan to enhance the capabilities of our platform, expand our talented team, and extend our reach to new markets. We look forward to forging new partnerships and continuing to innovate in the AI space to advance our vision of revolutionizing AI solutions for enterprises.”
“When it comes to the customer journey – from support requests to sales transactions – people expect instant, accurate, relevant and timely interactions. This is something humans can no longer deliver. But AI can! We have identified Moveo as one of the top contenders that will radically improve the way companies interact with customers. Their impressive client list, which includes major banks and retailers, speaks to their potential. We are excited to be part of this journey and contribute to this significant shift in customer engagement,” commented Svetozar Georgiev, Partner at Eleven Ventures.
“Moveo stands out for its very strong technology team, coupled with the right business acumen, agility and execution skills needed to succeed in a highly volatile business environment,” comments Sotiris Papantonopoulos, Partner at Uni.Fund.
About Moveo.AI
Moveo.AI is developing a Customer Experience (CX) platform that leverages Generative AI for enterprise needs. Its mission is to make complex AI technology accessible and straightforward so that companies can make the most of their data, scale their operations, and deliver rich customer experiences. Moveo.AI has offices in New York, Athens, and São Paulo, and its clients include established companies such as Viva, Edenred, Avis, Kaizen Gaming (Betano-Stoiximan), Allianz European Reliance, and Alpha Bank.
About Eleven Ventures
Eleven Ventures is one of the leading early-stage VCs in Central and Eastern Europe and has been investing in startups since 2012. With over 170 joint investments in 12 years, the team has contributed significantly to the development of the regional startup ecosystem. Eleven supports technology companies in four priority industries: fintech, healthcare, future of work and sustainable food. Startups backed by Eleven include the first Bulgarian unicorn Payhawk, Dronamics, Native Teams and Nitropack.
About Uni.Fund
Uni.Fund supports the growth of successful companies that address the needs of emerging markets. The company combines a strong entrepreneurial mindset with extensive experience in starting and growing a company and aims to work side by side with teams throughout the process. Combining a special focus on deep tech with market innovation, Uni.Fund’s portfolio includes companies such as FlexCar, Kinvent and ExitBee.
About Charge
Charge Ventures is a New York-based venture capital firm specializing in early-stage technology companies, working with exceptional founders from the very beginning of their entrepreneurial journey. Their portfolio includes over 70 investments, including companies such as Clay, Republic and Bulletin.
Panagiota Gkotsi
Moveo.AI
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