Convey closes on $38M funding round to help companies automate repetitive work with AI teammates
Agentic artificial intelligence startup Convey Inc. said today it has raised $38 million in early-stage funding to scale up its platform, which can be used by workers without technical skills to design, build and run digital teammates that can perform business tasks autonomously.
Andreessen Horowitz led the Series A round, which saw participation from Khosla Ventures and Pear VC. Convey said the funds will be used to enhance its product development efforts and expand the reach of its enterprise-grade platform.
Organizations are currently grappling with the tough realities of agentic AI implementations. Even though global investment in AI technology is projected to exceed $2.5 trillion this year, according to Gartner Inc., the vast majority of organizations are still struggling to realize any tangible benefits from these projects, especially when it comes to back-office task automation. According to Convey, even at the most innovative enterprises, their most skilled operatives can still spend several hours a day on manual tasks such as pulling data from spreadsheets, ingesting orders and creating recurring reports.
