AI Agent startup Rox receives $50 million in funding from General Catalyst and Sequoia Capital.
20/11/2024
GMT Eight
The start-up company Rox, dedicated to developing artificial intelligence agents for salespeople, announced on Tuesday that it has raised $50 million in funding from investors including Sequoia Capital and General Catalyst.
The total funding amount includes a seed round led by Sequoia Capital with participation from venture capital firm GV, as well as a Series A round led by General Catalyst. The company declined to disclose its valuation.
While Rox is still small in scale, with only about 15 employees, the company is part of the wave of start-ups focused on building artificial intelligence services for sales and customer service teams. The company specializes in agents, which are artificial intelligence tools that can perform real-world tasks with minimal human supervision, reflecting Silicon Valley's strong interest in using AI to improve productivity.
Konstantine Buhler, a partner at Sequoia Capital who led the company's seed round funding, praised Rox for standing out due to its founders' expertise and approach to building artificial intelligence for the workplace. "Rox is tackling the more valuable part of the market," Buhler said, "making the smartest, best-selling products sell even better."
Rox CEO Ishan Mukherjee acknowledged the recent hype surrounding artificial intelligence: "The hype is high, but so is the demand from buyers."