Orby AI raises $30M to use generative AI to automate your most tedious work tasks

by | Jun 27, 2024 | Technology

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Orby AI, a startup building a generative AI platform to automate repetitive and tedious enterprise work, announced today that it has raised $30 million in a Series A funding round. The company also unveiled its new “large action model” technology that powers its AI agents to learn and automate complex business processes.

“We are launching our Series A fundraise—it’s $30 million,” said Bella Liu, co-founder and CEO of Orby AI, in an interview with VentureBeat. “Alongside it, we’re also announcing our big platform technology. We call it a ‘large action model’ — if you can imagine, it’s like a GPT-type of model — it’s really, really big. The input is all the actions the model observes, and the output is the code you can use to automate the work.”

Orby AI’s generative AI platform aims to differentiate itself from traditional robotic process automation (RPA) solutions. “Traditional solutions are still mostly built based on rules. In real processes, there are just so many different scenarios, especially when the process becomes complex,” explained Liu. “What we do is fundamentally different because this is using foundation models, it’s generative AI powered, and we can actually automate very complex processes that are not just based on rules.”

Generative process automation: The next frontier in AI-powered productivity

The company is coining the term “generative process automation” to describe its new paradigm. Orby AI’s platform uses multi-mod …

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Don’t miss OpenAI, Chevron, Nvidia, Kaiser Permanente, and Capital One leaders only at VentureBeat Transform 2024. Gain essential insights about GenAI and expand your network at this exclusive three day event. Learn More

Orby AI, a startup building a generative AI platform to automate repetitive and tedious enterprise work, announced today that it has raised $30 million in a Series A funding round. The company also unveiled its new “large action model” technology that powers its AI agents to learn and automate complex business processes.

“We are launching our Series A fundraise—it’s $30 million,” said Bella Liu, co-founder and CEO of Orby AI, in an interview with VentureBeat. “Alongside it, we’re also announcing our big platform technology. We call it a ‘large action model’ — if you can imagine, it’s like a GPT-type of model — it’s really, really big. The input is all the actions the model observes, and the output is the code you can use to automate the work.”

Orby AI’s generative AI platform aims to differentiate itself from traditional robotic process automation (RPA) solutions. “Traditional solutions are still mostly built based on rules. In real processes, there are just so many different scenarios, especially when the process becomes complex,” explained Liu. “What we do is fundamentally different because this is using foundation models, it’s generative AI powered, and we can actually automate very complex processes that are not just based on rules.”

Generative process automation: The next frontier in AI-powered productivity

The company is coining the term “generative process automation” to describe its new paradigm. Orby AI’s platform uses multi-mod …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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