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DeltaGen’s co-founders: CEO Rene Bystron, left, and CTO Avinash Uddaraju. (DeltaGen Photo)
DeltaGen, a Seattle startup offering software that helps companies apply generative AI tools to their processes, has raised $1.2 million.
The pre-seed round was something of a Christmas gift: One of the lead investors signed the funding agreement on Dec. 25. “So much for ‘don’t raise during holidays,’” quipped DeltaGen co-founder and CEO Rene Bystron, by email.
Businesses are eager to use artificial intelligence to increase efficiency and improve outcomes, but it’s not necessarily easy to harness the technology. DeltaGen is tackling that problem with software that doesn’t require “prompting” or querying gen AI systems for a specific answer.
The software-as-a-service startup launched in May, graduated from Denver Techstars in September, and moved out of beta in the third quarter of last year. DeltaGen has brought in $300,000 in revenue, Bystron said.
The startup is building a platform targeted at enterprise workflows, starting with financial professionals. Its software identifies workflows associated with a particular job and provides solutions designed for specific tasks. One of its focuses is streamlining mergers and acquisitions.
“M&A is still chaotic, fragmented and drowning in Excel spreadsheets,” Bystron said. “DeltaGen takes the chaos out of deal making by integrating the entire deal lifecycle.”
DeltaGen’s software leverages around 30 APIs from different AI models and picks the best one for a particular job.
The lead investors for the round are Forward VC and B5 Capital, and the startup landed follow-on funding from Techstars. The team has 11 employees. Bystron said most of the investment will go toward sales and marketing, as well as product development and security controls.
Startups developing tools to aid in AI adoption keep cropping up. Companies in the space that have Seattle connections include Wokelo and Kamiwaza, among others.
This is Bystron’s second gen-AI startup. He previously launched and led AI LaMo, which built games, quizzes, and other interactive content to teach people how to improve their prompt engineering skills and interact with chatbots such as OpenAI’s ChatGPT or Google’s Gemini.
DeltaGen co-founder and CTO Avinash Uddaraju previously co-founded Gritly, which was acquired by IIA Healthcare.
Co-founders Abdullah Raja and Casey McCullar are no longer with the startup, but “they’ll always be part of DeltaGen’s story,” Bystron said.
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