AI Agent Secures $100M Investment On Its Own
AI agent SivaClaw helped Startup Lyzr close a $100M Series B round without any face-to-face meetings. It answered questions from more than 130 potential investors, drafted investment memos, and analyzed the most engaging slides for financiers.
Startup Lyzr has secured a $100M Series B round with help from its very own AI agent, SivaClaw. SivaClaw responded to queries from over 130 potential investors, wrote up investment memos, and analyzed the most captivating slides for financiers. No face-to-face meetings were required! Lyzr’s current valuation stands at approximately $500M, while it received $400M in offers from Silicon Valley, the Middle East, and the finance industry.
Lyzr builds AI agents for corporate clients. Now, it’s using one for a vital part of its business. This is the first instance of an AI agent negotiating deals worth hundreds of millions of dollars instead of just automating repetitive tasks. Will this be the future of VC? Who will make the final call: humans or algorithms?
Source: techcrunch.com
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Author
Evgenii Arsentev
PhD · Chief Executive Officer, digital health
Articles · Latest articles