InstaDeep Will Expand Its Horizons with the Raised $100 Million!
Upon realizing the importance of AI technology, companies are now emphasizing the same by amalgamating it with their modern business approach. As a result, organizations that have leveraged the tech mentioned that they experienced higher revenues and engagement.
While the concept of Artificial Intelligence isn’t new, it took decades to come under the limelight and make crucial progress.
Now that AI has flourished in ways like never before; businesses are utilizing the tech via mobile apps for ’n’ number of uses to acquire a competitive edge.
Therefore, a London-based startup named InstaDeep came forward to provide AI decision-making tools to enterprises in the growing stage.
Are you interested to learn more? Then, continue reading and muster all the knowledge about what InstaDeep has to offer!
The London-Based Startup Bagged Millions in Its Series B Funding Round!
InstaDeep is popularly known for its technology used by various other industry verticals, including logistics, electronics manufacturing, etc. In addition, the company provides AI-accelerated protein design, used to discover fresh protein designs and validate them.
The company recently announced its collection of $100 million in a Series B funding round, led by Alpha Intelligence Capital and a private equity firm.
The capital will be used to enhance the company’s computing infrastructure and expand its global presence.
Undoubtedly, AI is impacting the world in a tremendous manner since it automates and simplifies activities, eliminating the need for human resources. Notably, businesses are highly integrating the same to get rid of boring and repetitive tasks to emphasize more important activities. Therefore, if you’re looking forward to building an infrastructure that helps reduce the dependence on human activities, an AI-based mechanism is all you need!
Why Artificial Intelligence for Businesses?
Let’s dig a little deeper to learn more about how AI is benefitting modern-day businesses:
1. Higher Efficiency and Productivity
Efficiency and productivity are the two most commonly cited benefits of AI technology as the tech works at a pace that is unmatched by humans. Therefore, many activities are solely handled by AI tech, eliminating the need for human interference. Thus, humans are shifted to higher-level and priority-based tasks.
Incorporating AI enables businesses to reduce their costs that involve repetitive activities while making more space for human talent.
2. Accelerated Speed of the Business
Since more and more businesses are shifting to the digital approach, AI is helping them move in the same direction even faster.
AI has made shorter development cycles possible and saves a lot of time that otherwise had to be invested. Therefore, the product delivery has acquired speed that has accelerated business activities.
3. Improved Consumer Service
A business that delivers the desired customer results gains a competitive edge. Being there for your customers and providing instant solutions to their queries is the key! Therefore, AI can efficiently do the same and a lot more, offering a personalized experience to the customers.
Isn’t it awesome?
4. Reduced Human Error
AI and machine learning are primarily incorporated into a business for automatization, adherence to established standards, reducing errors, and more.
For instance, financial institutions are emphasizing AI to bring out error-free results that otherwise could be prone to inaccuracy.
Artificial Intelligence: The Tech That’ll Drive the Future!
So, how well is the tech likely to perform in the near future?
If you’re still holding onto the dilemma of adopting the AI tech for your business, consider the mechanisms that have been made possible due to the same. And the biggest example that follows is driverless cars!
If you want to build a mechanism that helps your business skyrocket, it is crucial to connect with the experts for insights on your idea.
Undoubtedly, mobile app development is the latest trend, and since people nowadays spend more time with their smartphones, being present online is a must!
Do you agree?
Reach out to the best AI app developers in UK and build the product of your dreams!