AI Hustle: News on Open AI, ChatGPT, Midjourney, NVIDIA, Anthropic, Open Source LLMs: Superframe AI Secures $5M to Be Your Revenue Ops Copilot

Welcome to the OpenAI podcast, the podcast that opens up the world of AI in a quick and

concise manner.

Tune in daily to hear the latest news and breakthroughs in the rapidly evolving world

of artificial intelligence.

If you've been following the podcast for a while, you'll know that over the last six

months I've been working on a stealth AI startup.

Of the hundreds of projects I've covered, this is the one that I believe has the greatest

potential.

So today I'm excited to announce AIBOX.

AIBOX is a no-code AI app building platform paired with the App Store for AI that lets

you monetize your AI tools.

The platform lets you build apps by linking together AI models like chatGPT, mid-journey

and 11Labs, eventually will integrate with software like Gmail, Trello and Salesforce

so you can use AI to automate every function in your organization.

To get notified when we launch and be one of the first to build on the platform, you

can join the waitlist at AIBOX.AI, the link is in the show notes.

We are currently raising a seed round of funding.

If you're an investor that is focused on disruptive tech, I'd love to tell you more

about the platform.

You can reach out to me at jaden at AIBOX.AI, I'll leave that email in the show notes.

Superframes a startup specializing in AI-powered software solutions.

Really the idea is that it is optimizing business technology stacks.

Like I mentioned, it just successfully raised $5 million and I think this funding milestone

closely follows the release of Superframe's inaugural product which is an AI assistant

engineered to manage intricate Salesforce implementations.

So very, I would say, kind of niche and specialized product.

They're able to raise $5 million and the startup asserts that its technology will not only

streamline Salesforce configurations but will also deliver on the key aspects of speed,

reliability, and ease of use.

So ultimately this is going to be saving businesses both time and money.

Now what I find really interesting here, like I mentioned before, they've raised this from

40 angel investors and I think right now in the industry, while we're seeing venture capital

firms largely, there's a lot of them that it would appear have sort of dried up for

funds.

They're not able to raise as big funds this year as they were able to raise two years

ago or in the past historically.

I mean, you can see this on a big level, right, like Tiger Global was able to raise a fraction

of what they were hoping to raise for the latest round.

SoftBank, all of the big firms are having this struggle and it really does boil down

to the smaller firms to pretty much any of these big VC firms that put a ton of money

into startups in 2021 when the prices were over inflated and frothy.

Then they're trying to make their money back but all of those startups are doing write-downs

so the equity, the shares, the valuations are all dropping.

And essentially most of these VC firms are not getting the returns they hoped or wanted

for their LPs, their limited partners, and so it's very difficult for them to raise their

next rounds.

They're in a bit of a tricky situation, a lot of them.

I think some of the best ones we'll be able to weather the storm.

Hopefully they made good bets.

Hopefully they saved enough dry powder and they're able to put that into good AI companies

that will help return the whole portfolio because I think traditionally you're going

to have like a 20 investments that a VC firm makes.

One of them is going to pay back the whole portfolio.

That's the idea, right?

If you're good, then 1 in 10 is going to put payback but I think traditionally, I mean,

even a good firm gets 1 in 20.

In any case, right now because they know that it's really difficult for them to raise money,

they're being really stingy on giving out money because they know that this is going

to be hard for them to get it back and hard for them to get raised more money.

So the investments are far and few and far in between for many VC firms that are trying

to essentially stay alive.

Now that brings us up to what Superframe is doing today.

They just raised it from 40 angel investors and I believe that was a really smart move

because they know their product and their software is really valuable but the issue

is they probably weren't able to find VCs that could back this to a large degree.

They just launched and so they're like, look, we know that people in the industry can see

the value.

So they went to angel investors that were specifically experts on what they're doing

and were able to put together a $5 million round that way.

So big kudos to them and definitely well played.

So their CEO and co-founder specifically kind of talked about what their unique value proposition

is for Superframe in a really crowded AI marketplace and this is what he specifically said.

We want to fight the consumer frustration with a lack of accuracy, we want to build

trust with our consumers by giving them something they can't get somewhere else.

So Steer really brings a wealth of experience to Superframe having previously sold his data

in AI company mode to ThoughtSpot for $200 million.

So Superframe is tackling the reoccurrent challenges that organizations frequently encounter

with go-to-market tools like Salesforce, Marketo, HubSpot and these platforms are notorious

for their complexity and kind of rigged configuration options, often causing companies to squander

valuable resources.

Superframe employs cutting edge language models from OpenAI, specifically ChatGBT, to offer

precise immediate responses to system queries and to suggest actionable configurations to

configuration changes.

So I think what's really interesting here, one other thing I want to add on their fundraising,

absolutely cool, amazing company, I'm sure they're doing a great job, the 40 Angels.

You'll typically see something like that from a company, like this guy he's previously sold

his company for $200 million and so he's made a ton of connections in this space, in his

time in the industry and so that's where he can kind of leverage a lot of those connections

for those 40 Angels that helped him raise this $5 million and with an amazing tracker

like that, those people are 100% going to be getting their money back and getting a great

return on an investment from this guy because he obviously has a really solid tracker.

So I think addressing concerns about the role of AI in the workspace, Steer assures that

Superframe aims to augment human expertise rather than replace it and says, quote, we

want to help more people build more expertise and that's something that customers are still

going to want to rely on.

So the platform is designed to really alleviate the complexities and limitations that are

inherent in existing tools and enable businesses to focus on optimizing their operations.

Currently undergoing beta testing with a slight group of clients, Superframe, I believe

they're really kind of anticipating a public launch and early of next year and the first

suite of features specifically those answering system related queries will be available to

users free of charge.

So the seed funding is allocated primarily for product development and staffing, adding

to the startups existing team of four engineers.

So the broader context for Superframe's entry into the market is fairly compelling.

I think a recent Gartner report predicts that AI software market could grow to nearly 1.3

billion by 2025.

And this is, you know, rising from essentially adoption of cloud based services and applications

and Superframe really aspires to kind of serve as a critical asset for revenue operation

teams, helping them reimagine their go to market strategies more creatively.

So Steer encapsulated this vision stating, quote, we believe that humans are capable

of a lot and we are in a lot of cases bottlenecked by the tools that we use.

We want to remove those bottlenecks in order to give people a greater ability to employ

their creativity.

I think with their unique approach and their technologies fairly robust, Superframe is

positioning themselves as an important player in the next wave of AI enabled business optimization

tools.

It's going to be like I'm personally kind of curious or I obviously they're just using chat

GPT API in this.

I'm curious to see what kind of in-house magic secret sauce they have added on top.

If they ever train their own model, what that looks like.

It'll be an interesting space to watch.

There is of course are always the questions you're going to get from investors or other

people that are looking at the longevity of the company.

I think they're going to do great things, but it'll definitely be something I'd be

curious to watching in the future to see how they expand.

If you are looking for an innovative and creative community of people using chat

GPT, you need to join our chat GPT creators community.

I'll drop a link in the description to this podcast.

We'd love to see you there where we share tips and tricks of what is working in

chat GPT.

It's a lot easier than a podcast as you can see screenshots.

You can share and comment on things that are currently working.

So if this sounds interesting to you, check out the link in the comment.

We'd love to have you in the community.

Thanks for joining me on the open AI podcast.

It'd mean the world to me if you would rate this podcast wherever you listen to your

podcasts and I'll see you tomorrow.

Machine-generated transcript that may contain inaccuracies.