Thread AI raises $20M for its AI-powered workflow automation platform

Thread AI Inc., a startup that helps organizations automate enterprise duties utilizing synthetic intelligence, has raised $20 million in funding.

The corporate introduced the Sequence A spherical on Thursday. It was led by Greycroft with participation from Scale Enterprise Companions, Plug-and-Play, Meritech Capital and Homebrew. Index Ventures, the biggest investor in Thread AI’s earlier spherical, participated as effectively.

Thread AI was launched final yr by former Palantir Applied sciences Inc. workers Mayada Gonimah (pictured, left) and Angela McNeal (proper). It affords a platform referred to as Lemma that may automate advanced, multistep duties corresponding to discovering the foundation trigger of kit failures. A drag-and-drop interface permits clients to assemble automation workflows from pre-packaged software program elements. It’s touted as a less complicated various to the prevailing automation applied sciences in the marketplace. 

“Firms right now face a irritating dilemma when implementing AI, both accept inflexible, prebuilt purposes that pressure them to suit their enterprise logic right into a predefined construction, or make investments closely in expertise, infrastructure and engineering sources to construct customized AI workflows from scratch,” McNeal stated.

Thread AI’s platform is predicated on an open-source know-how referred to as Serverless Workflow, or SWF. It’s a programming language geared towards creating job automation workflows. SWF consists of reliability options that permit workflows to routinely get well from sure kinds of technical points. It additionally has a comparatively easy syntax designed to ease improvement.

Thread AI’s platform makes use of an upgraded model of SWF with extra options. The corporate has added enhancements that make it simpler to combine AI fashions into automation workflows. Moreover, these AI fashions can leverage exterior purposes corresponding to databases to course of person requests. 

Troubleshooting {hardware} malfunctions is likely one of the duties that Thread AI guarantees to ease for patrons. Utilizing the platform, a producer may create an automation workflow that collects knowledge from gear sensors, spots error alerts and makes use of AI to attempt to repair the problem. The workflow may be configured to inform technicians when an error can’t be resolved routinely.

Along with textual knowledge corresponding to sensor logs, Lemma can ingest multimodal inputs. It may, for instance, enrich gear failure alerts with footage from manufacturing line cameras. The platform routinely encrypts the recordsdata that it ingests and removes delicate knowledge to cut back the danger of a breach.

Thread AI additionally offers different cybersecurity options. Based on the corporate, its customized SWF implementation consists of authentication options not included within the authentic model. There’s additionally an computerized vulnerability scanning mechanism that helps enterprises spot weak factors of their infrastructure.

The corporate says its platform has helped clients pace up some enterprise processes by 70%. To develop product adoption, the corporate will make investments its new funding spherical in rising its business crew. 

Picture: Index Ventures