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Nov 09, 2024

UnifyApps reels in $20M for its AI-powered application platform - SiliconANGLE

UPDATED 16:41 EST / NOVEMBER 08 2024 by Maria Deutscher UnifyApps, a new startup with a suite of software development tools for enterprises, has secured $20 million in funding. TechCrunch reported the

UPDATED 16:41 EST / NOVEMBER 08 2024

by Maria Deutscher

UnifyApps, a new startup with a suite of software development tools for enterprises, has secured $20 million in funding.

TechCrunch reported the investment today. It’s described as a Series A round led by ICONIQ Growth. UnifyApps raised $11 million in seed funding a few months earlier.

Founded last year, UnifyApps provides a software suite that companies can use to automate repetitive business chores, build custom applications and perform related tasks. Several of the toolkit’s features are powered by artificial intelligence. Additionally, it includes capabilities that enable customers to build AI tools of their own.

The first component of UnifyApps’ product suite, Unify Automations, enables users to create software workflows for automating business tasks. The tool is accessible through a ChatGPT-like interface. Workers can describe a task in natural language and have the underlying AI automatically generate a workflow that automates it.

UnifyApps has equipped the offering with several features designed to reduce the risk of technical issues. According to the company, there’s a testing tool that enables users to check an automation workflow for bugs before deploying it. A so-called circuit breaker feature can interrupt workflows immediately after a malfunction emerges to prevent the error from cascading to other systems.

Unify Automations is designed to integrate with a company’s existing applications. A sales team, for example, could create a workflow that syncs deal opportunities from Excel spreadsheets to a MongoDB database. The software also integrates with marketing tools, project management applications and other services.

If a company can’t efficiently perform a certain task using its existing applications, it can build a new one using the second component of UnifyApps’ software suite. Unify Applications allows users to create simple programs through a no-code interface. The offering provides prepackaged interface elements, as well as connectors that enable a user-developed application to ingest data from external sources.

Companies seeking to automate complex tasks can use UnifyApps’ software to build AI agents. Those are large language models optimized for a specific use case. UnifyApps can give LLMs access to information in a company’s internal systems, block malicious prompts and detect hallucinations.

Rounding out the software maker’s product suite is an offering called Unify Data. It’s designed to help customers manage the information used by their applications. The software can sync data between workloads, modify the records being transferred and detect any errors that may emerge during the process.

Since launching last year, UnifyApps has assembled a 150-person workforce along with an initial installed base of more than 20 customers. Those organizations reportedly include one of the world’s largest banks and a major internet provider.

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