The vendor is targeting the fintech sector.

June 11, 2026

OpenAI is backing a California AI startup that recently emerged from stealth mode and aims to revolutionize complex automation processes for enterprises.

San Francisco-based Poetic completed a $50 million Series A funding round at a $500 million valuation, led by venture capital firm Kleiner Perkins, with Founders Fund and First Harmonic as other participants.

What makes Poetic’s product proposition distinctive is the company’s promise of a fundamentally different approach to overhauling some of the processes that underpin key industries such as healthcare, banking and insurance -- by using what the vendor says is a “new class of software that learns like AI but runs like code.”