Quantum Rise, a Chicago-based startup specializing in AI-driven automation, has raised a $15 million seed round from Erie Street Growth Partners. The company assists clients like dunnhumby, a retail analytics platform for the grocery industry, by automating workflows, providing tailored AI solutions, and accelerating business processes. Quantum Rise’s approach is similar to UiPath’s robotic process automation but offers a broader focus on AI challenges with more personalized support.
The startup operates under a “Consulting 2.0” model, integrating AI into companies to streamline operations and deliver customized roadmaps. This venture marks the second major initiative for Alex Kelleher, who previously founded adtech platform Cognitive Match, later acquired by Magnetic in 2014.
The market for AI-driven automation is poised for significant growth. Consulting giant BCG anticipates that 20% of its revenues in 2024 will come from helping corporations integrate AI, with expectations to reach 40% by 2026. Additionally, IBM has reported over $1 billion in sales commitments related to generative AI. These figures suggest substantial opportunities for agile startups like Quantum Rise to make a significant impact. Kelleher believes that the key to success lies in merging human and machine intelligence, capitalizing on the burgeoning market for AI integration and automation.