Quantum Rise, a Chicago startup, raised $15 million. Erie Street Growth Partners invested in it. The startup uses AI to help companies like dunnhumby. Dunnhumby works with grocery industry data. Quantum Rise’s AI approach is like UIPath’s. It helps businesses with AI automation. They provide more support than others.
The startup deploys AI to automate company tasks. It uses a “Consulting 2.0” model. This helps create workflows, roadmaps, and AI solutions. It speeds up business processes. Alex Kelleher founded Quantum Rise. He also founded Cognitive Match, an adtech platform. Magnetic bought Cognitive Match in 2014.
The AI automation market is growing. BCG expects to get 20% of its 2024 revenue from AI. By 2026, this will rise to 40%. IBM has $1 billion in AI sales commitments. This shows a big market for AI startups. Kelleher believes in merging human and machine intelligence.
He thinks traditional consulting will fail. It relies too much on human time. Automation is the future. Kelleher said many CEOs need help. They can’t afford big consulting firms. Quantum Rise will automate their companies.
Terry Graunke, Erie Street’s CEO, praised Quantum Rise. He said they know how to use data, automation, and AI. This will help businesses grow.
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