AI

Orby is building AI agents for the enterprise

Comment

Image Credits: Getty Images

AI “agents” are generative AI models that can perform actions autonomously, like copying info from an email and pasting it into a spreadsheet, and have been hailed as productivity superchargers. That might be a bit premature, given models’ tendency to make mistakes. But at least a few founders (and analysts and investors) seem convinced that agents are the next frontier in generative AI.

Bella Liu and William Lu are two such founders. Their company, Orby AI, is building a generative AI platform that attempts to automate a range of different business workflows, including workflows that involve data entry, documents processing and forms validation.

Lots of startups offer tools to automate repetitive, monotonous back-office business processes (see Parabola, Tines, Sam Altman-backed Induced AI and Tektonic AI, to name a few). Incumbents, too, like Automation Anywhere and UiPath, have moved to embrace AI to try to maintain pace with the generative AI competition.

But Liu and Lu claim that Orby’s tech stands out for its ability to learn and act on workflows in real time and to understand the patterns and relationships within an enterprise’s unstructured data.

“Orby’s platform observes how workers do their work in order to automatically create automations for complex tasks that require some level of reasoning and understanding,” Liu, Orby’s CEO, explained. “An AI agent installed on a worker’s computer effectively watches, learns and generates automations, adapting the model as it learns more.”

With Orby, which launched out of stealth in 2023, Liu and Lu say that they sought to create AI that could understand some of the low-level decisions being made by workers and abstract those decisions away, freeing up workers to focus on headier things.

Liu previously led AI and automation efforts at IBM, including product planning and AI-related mergers and acquisitions, and was UiPath’s director of AI product management. Lu is a former Nvidia systems engineer who joined Google Cloud as an engineering lead, helping to design generative AI document and database extraction tech.

Orby’s purported secret sauce is a cloud-based generative AI model that’s fine-tuned to complete customer tasks, such as validating expense reports. The model relies partly on symbolic AI, a form of AI that leverages rules, such as mathematical theorems, to infer solutions to problems.

Orby
Orby’s generative AI observes tasks performed by people, then learns to automate these tasks.
Image Credits: Orby

Symbolic AI alone can be inflexible and slow, especially when dealing with large and complicated datasets. It needs clearly defined knowledge and context to perform well. But recent research has shown that it can be scalable when paired with traditional AI model architectures.

“For the last two years, we’ve been engineering this AI model, and have performed successful trials,” Liu said. “There are few pure-play generative AI companies attacking the enterprise head-on with something end-to-end. We are one.”

Liu says that Orby’s model can intelligently adapt to changes in workflows, like when an app’s UI gets an update, by analyzing API interactions and a worker’s browser usage. Having software monitor an employee’s every move sound like a privacy disaster waiting to happen. But Liu claims that Orby doesn’t store most customer data; it only uses certain telemetry data to improve its model, encrypting the data both in transit and at rest.

“Humans are kept completely in the feedback loop,” she added.

Orby, which recently raised $30 million in a Series A funding round co-led by New Enterprise Associates, WndrCo and Wing (sources say at a post-money valuation of $120 million), is competing in a challenging sector. Forthcoming agentic AI from generative AI powerhouses such as OpenAI and Anthropic have dampened the prospects of incumbents and smaller players alike.

Adept, a startup building AI agents technology focused on enterprise applications, is reportedly on the cusp of an acqui-hire deal with Microsoft before it manages to ship a single product. Amazon and Google have released AI agent tooling to little fanfare. Elsewhere, UiPath — despite its ramping up of generative AI initiatives in the past year — saw sales plummet in its most recent fiscal quarter.

Liu says that Orby can come out ahead by taking a systematic go-to-market approach. The company is already generating revenue from around a dozen customers, she says, and plans to put its $35 million war chest toward expanding its Mountain View-based, roughly 30-person team.

“The funds are being used to scale our go-to-market, customer support, product and technical orgs,” she said. “The enterprise market has an insatiable appetite for generative AI solutions that demonstrably improve business performance; they are just trying to figure out where to best apply the technology in the near term before they scale it across their business.”

More TechCrunch

According to a recent Dealroom report on the Spanish tech ecosystem, the combined enterprise value of Spanish startups surpassed €100 billion in 2023. In the latest confirmation of this upward trend, Madrid-based…

Spain’s exposure to climate change helps Madrid-based VC, Seaya, close €300M climate-tech fund

Forestay, an emerging VC based out of Geneva, Switzerland has been busy. This week it closed its second fund, Forestay Capital II, at a hard cap of $220 million. The…

Forestay, Europe’s newest $220M growth-stage VC fund, will focus on AI

Threads, Meta’s alternative to Twitter, just celebrated its first birthday. After launching on July 5 last year, the social network has reached 175 million monthly active users — that’s a…

A year later, what Threads could learn from other social networks

J2 Ventures, a firm led mostly by the U.S. military veterans, announced on Thursday that it has raised a $150 million second fund. The Boston-based firm invests in startups whose…

J2 Ventures, focused on military healthcare, grabs $150M for its second fund

HealthEquity said in an 8-K filing with the SEC that it detected “anomalous behavior by a personal use device belonging to a business partner.”

HealthEquity says data breach is an ‘isolated incident’

Roll20 said that on June 29 it had detected that a “bad actor” gained access to an account on the company’s administrative website for one hour.

Roll20, an online tabletop role-playing game platform, discloses data breach

Fisker has a willing buyer for its remaining inventory of all-electric Ocean SUVs, and has asked the Delaware Bankruptcy Court judge overseeing its Chapter 11 case to approve the sale.…

Fisker asks bankruptcy court to sell its EVs at average of $14,000 each

Teddy Solomon just moved to a new house in Palo Alto, so he turned to the Stanford community on Fizz to furnish his room. “Every time I show up to…

Fizz, the anonymous Gen Z social app, adds a marketplace for college students

With increasing competition for what is, essentially, still a small number of hard tech and deep tech deals, Sidney Scott realized it would be a challenge for smaller funds like…

Why deep tech VC Driving Forces is shutting down

A guide to turn off reactions on your iPhone and Mac so you don’t get surprised by effects during work video calls.

How to turn off those silly video call reactions on iPhone and Mac

Amazon has decided to discontinue its Astro for Business device, a security robot for small- and medium-sized businesses, just seven months after launch.  In an email sent to customers and…

Amazon retires its Astro for Business security robot after only 7 months

Hiya, folks, and welcome to TechCrunch’s regular AI newsletter. This week in AI, the U.S. Supreme Court struck down “Chevron deference,” a 40-year-old ruling on federal agencies’ power that required…

This Week in AI: With Chevron’s demise, AI regulation seems dead in the water

Noplace had already gone viral ahead of its public launch because of its feature that allows users to express themselves by customizing the colors of their profile.

noplace, a mashup of Twitter and Myspace for Gen Z, hits No. 1 on the App Store

Cloudflare analyzed AI bot and crawler traffic to fine-tune automatic bot detection models.

Cloudflare launches a tool to combat AI bots

Twilio says “threat actors were able to identify” phone numbers of people who use the two-factor app Authy.

Twilio says hackers identified cell phone numbers of two-factor app Authy users

The news brings closure to more than two years of volleying back and forth between some of the biggest names in additive manufacturing.

Nano Dimension is buying Desktop Metal

Planning to attend TechCrunch Disrupt 2024 with your team? Maximize your team-building time and your company’s impact across the entire conference when you bring your team. Groups of 4 to…

Groups save big at TechCrunch Disrupt 2024

As more music streaming apps and creation tools emerge to compete for users’ attention, social music-sharing app Popster is getting two new features to grow its user base: an AI…

Music video-sharing app Popster uses generative AI and lets artists remix videos

Meta’s Threads now has more than 175 million monthly active users, Mark Zuckerberg announced on Wednesday. The announcement comes two days away from Threads’ first anniversary. Zuckerberg revealed back in…

Threads nears its one-year anniversary with more than 175M monthly active users

Cartken and its diminutive sidewalk delivery robots first rolled into the world with a narrow charter: carrying everything from burritos and bento boxes to pizza and pad thai that last…

From burritos to biotech: How robotics startup Cartken found its AV niche

Ashwin Nandakumar and Ashwin Jainarayanan were working on their doctorates at adjacent departments in Oxford, but they didn’t know each other. Nandakumar, who was studying oncology, one day stumbled across…

Granza Bio grabs $7M seed from Felicis and YC to advance delivery of cancer treatments

LG has acquired an 80% stake in Athom, a Dutch smart home company and maker of the Homey smart home hub. According to LG’s announcement, it will purchase the remaining…

LG acquires smart home platform Athom to bring third-party connectivity to its ThinQ ecosytem

CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis, a digital asset platform in the Middle East and North Africa, the companies said Wednesday. The Bengaluru-based…

CoinDCX acquires BitOasis in international expansion push

Collaborative document features are being made available inside Proton Drive, further extending the company’s trademark pitch of robust security.

In a major update, Proton adds privacy-safe document collaboration to Drive, its freemium E2EE cloud storage service

Telegram launched a digital currency called Stars for in-app use last month. Now, the company is expanding its use cases to paid content. The chat app is also allowing channels…

Telegram lets creators share paid content to channels

For the past couple of years, innovation has been accelerating in new materials development. And a new French startup called Altrove plans to play a role in this innovation cycle.…

Altrove uses AI models and lab automation to create new materials

The Indian social media platform Koo, which positioned itself as a competitor to Elon Musk’s X, is ceasing operations after its last-resort acquisition talks with Dailyhunt collapsed. Despite securing over…

Indian social network Koo is shutting down as buyout talks collapse

Apiday leverages AI to save time for its customers. But like legacy consultants, it also offers human expertise.

Europe is still serious about ESG, and Apiday is helping companies comply

Google totally dodges the question of how much energy is AI is using — perhaps because the answer is “way more than we’d care to say.”

Google’s environmental report pointedly avoids AI’s actual energy cost

SpaceX’s ambitious plans to launch its Starship mega-rocket up to 44 times per year from NASA’s Kennedy Space Center are causing a stir among some of its competitors. Late last…

SpaceX wants to launch up to 120 times a year from Florida — and competitors aren’t happy about it