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Gumloop Raises Seed Capital to Fuel Platform Offering Drag-and-Drop AI Workflows

July 24, 2024 by Knowlton Thomas Leave a Comment

A startup launched out of Vancouver last year this month closed a seed round.

Gumloop, an AI automation platform, announced the $3 million round led by by First Round Capital with participation from Y Combinator, Theory Forge Ventures, Ludlow Ventures, and a variety of angels including Max Mullen, Arash Ferdowsi, Andrew Ofstad, Immad Akhund, and Kulveer Taggar.

The startup hails from humble beginnings.

“We started Gumloop just over one year ago as a side project, building for a small group of users in a Discord community who wanted to use AI to automate their work,” recalls cofounder Max Brodeur-Urbas.

People want AI to work for them, he says, “but to automate anything beyond a single ChatGPT question, you needed to be able to code or to call in someone who did.”

Gumloop offers an automation platform that lets users drag and drop to automate workflows.

“Users can create powerful AI powered workflows that integrate directly with their data, no coding experience needed,” says Brodeur-Urbas.

The entrepreneur says early customers range from “independent indie hackers to unicorn startups.”

“Every week, we see new industries starting to automate with Gumloop,” says Brodeur-Urbas, who graduated from McGill University in Montreal.

Automations are often 90% infrastructure and 10% AI, “resulting in increased consistency and reliability, while being economically efficient at scale,” according to the company.

Gumloop recently rebranded from AgentHub after going through Y Combinator’s Winter 2024 cohort.

Silicon Valley technology startup accelerator Y Combinator has been used to launch more than 4,000 companies since the program was established in 2005.

Filed Under: News Tagged With: Gumloop (formerly AgentHub)

 

About Knowlton Thomas

Knowlton Thomas is Editor-in-Chief of The Midway Advance and Senior Writer for Techcouver. Over more than a decade of journalism, he has penned thousands of articles and dozens of essays on technology, health, and culture across a variety of publications.

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