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The Antler Investor Memo sequence: Avert AI helps corporations deal with communications compliance utilizing synthetic intelligence


Early stage funding firm Antler Australia lately backed 13 startups as a part of its ongoing program to spend money on nice native tech corporations. Over the subsequent six weeks, Startup Every day will share the main points of every enterprise within the “Antler Investor Memos” sequence.

You too can meet the founders on the Startup Every day present on ausbiz.com.au each Monday and Wednesday over the subsequent six weeks.

This sequence is designed to offer you a fast sharp understanding of the startups and other people concerned, with many in search of observe up capital following Antler’s preliminary pre-seed funding. 

 

Firm : Avert AI

Based: 2022

Stage of enterprise: Pre-Seed

Founders: Chanelle McAuliffe, Philippe Aerdeman and Javed Sheikh

Present traders: Antler

Presently elevating: Sure

What’s the pitch?

Noncompliance on account of human error prices organisations hundreds of thousands in penalties, remediation, coaching and handbook processes yearly. Avert AI allows organisations to ship compliant communications powered by synthetic intelligence to enhance buyer expertise and cut back dangers, reputational harm, and prices. 

Its real-time AI compliance writing assistant device proactively empowers workers to put in writing compliant and regulatory secure communications. By utilizing pure language processing (NLP), Avert AI’s software program analyses and detects dangers, equivalent to non-disclosure and privateness breaches inside emails and paperwork, then supplies rephrasing in real-time.

 

Antler funding thesis

“We’ve been impressed with Chanelle and Phil’s area experience and first hand expertise with privateness mishandling and noncompliance breaches,” mentioned Cath Rogers, Associate of Antler Australia.

“Unintentional noncompliance and regulatory violations can value enterprises hundreds of thousands, and result in severe penalties. The flexibility to equip every worker with real-time suggestions to de-risk privacy-focused buyer communication is a robust safeguard for organisations and the privateness of their clients.” 

 

Traction/milestones, up to now

Avert AI’s compliance and knowledge privateness conversational AI is within the palms of its first clients, together with a pilot undertaking underway with an Australian on-line mortgage dealer, UNO Dwelling Loans.

Within the coming months, Avert AI will launch its compliance writing assistant powered by NLP with intent detection, Personally Identifiable Info (PII) scanning and rephrasing capabilities.

 

Due diligence assets

Discover Avert AI’s pitch video and investor deck by way of The Antler Portfolio Reveal Platform.

 

Funding stage

Pre-Seed from Antler

 

Plans for the money

The preliminary funding from Antler Australia has offered Avert AI with runway to launch a beta model of its product to safe early adopters and procure ISO/IEC 27001 certification, the worldwide commonplace on info safety.

 

The founders say

“Our area experience in non-compliance breaches and monetary companies mixed with NLP expertise positions us to service this sector with a deep understanding of buyer ache factors to cement product-market match,” mentioned Chanelle McAuliffe, co-founder and CEO of Avert AI.

“Antler’s funding has offered validation that we’re fixing a business-critical downside and recognition from a worldwide early-stage VC that our founding workforce is well-positioned to construct the suitable answer.

“Past its preliminary funding, Antler has offered entry to an enormous data base and assets which have ingrained an agile method in our workforce. With its community throughout Australia and the world, it has created early curiosity and alternatives for us with well-renowned angels, VCs and stakeholders.

 

What’s subsequent?

Antler, a worldwide early-stage VC, lately showcased the newest investments it’s made in bold Australian founders and startups. Avert AI featured as considered one of Antler Australia’s latest portfolio corporations.

Discover how Avert AI is enabling organisations to ship compliant communications powered by synthetic intelligence by way of the Antler Portfolio Reveal Platform. 

 

  • StartupDaily is the official media associate of Antler in Australia.



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