Quantum Rise is a startup based in Chicago, specializing in AI-driven automation for companies like dunnhumby, a leading retail analytics platform for the grocery industry. Recently, they secured a $15 million seed round investment from Erie Street Growth Partners. Their unique approach is comparable to UIPath’s, known for introducing robotic process automation to the enterprise. However, Quantum Rise focuses on addressing a broader range of AI challenges faced by companies, offering more personalized support.
Under a “Consulting 2.0” model, Quantum Rise utilizes AI to streamline workflows, develop tailored AI solutions, and accelerate business processes for their clients. This initiative marks the second venture of Alex Kelleher, the former founder of the adtech platform Cognitive Match, which was acquired by Magnetic in 2014.
The evolving market for AI-driven automation presents a significant growth opportunity. Consulting giant BCG anticipates a substantial portion of its revenue to come from assisting companies with AI integration by 2024 and 2026. IBM has also made significant strides in generative AI sales commitments. This trend indicates a ripe opportunity for agile startups like Quantum Rise to make their mark in the industry.
Kelleher believes that the synergy between human and machine intelligence is paramount in today’s landscape. He emphasizes the need to automate processes and streamline operations for CEOs of medium-sized companies, who often seek cost-effective solutions in comparison to traditional consulting services.
Terry Graunke, chairman and CEO of Erie Street Growth Partners, expressed confidence in Quantum Rise, praising their expertise in leveraging data, automation, and AI to enhance human capabilities and drive business growth.
