Fundraising

AI business agent startup Bardeen pulls in strategic investment from Dropbox and HubSpot

Comment

Bardeen AI founders, Artem Harutyunyan and Pascal Weinberger
Image Credits: Bardeen AI / Founders, Artem Harutyunyan and Pascal Weinberger

Every day, employees across the world spend incalculable hours performing tediously repetitive tasks, such as converting documents into PDFs and then uploading them to a drive, from where they are sucked into a database and emailed to a team. While UiPath helped pioneer this kind of “robotic” process, it’s also pivoted to an AI-driven mode of operation, even as a number of startups (Signavio, Servicetrace and others) have arrived, snapping at its heels. Now a startup, Bardeen, is launching a service that automates such work for businesses on the heels of a new round of funding. 

Bardeen’s platform uses a natural language interface to automate repetitive knowledge work. The company has secured $3 million in this new round, taking its total funding raised to $22 million. That might be only vaguely interesting, were it not for the fact that the investors who participated in this round will provide significant distribution for the platform. Both Dropbox and HubSpot have become strategic investors in the startup via their venture investment arms (Dropbox Ventures and HubSpot Ventures), and the two companies will also help distribute Bardeen’s tech, releasing on Thursday. 

If you think “Zapier with more AI” then you’d get close to what Bardeen offers, but its product is a bit more sophisticated that what that may suggest. It’s very much built as a platform for the average person inside a business to perform repetitive tasks, rather than something built for IT departments, and a demonstration of Bardeen’s interface to TechCrunch showed how easy it was to automate complex workflows.

The platform seems capable of quite a lot: It can copy-paste text from one document to another, research related information on the web, and put all that info into an email and send it. The startup says it has more than 300,000 users and over 1,000 paying customers, including Deel, Miro, Kearney, WPP and 10Web.

Founded in 2020 by Artem Harutyunyan and Pascal Weinberger, Bardeen’s agent platform runs as a browser extension and is context-aware, so that the agents can conduct a “planning” step after receiving instructions from the user — which, Bardeen says, helps with repeatability. It also says its assistant continually learns from usage patterns.

It also integrates with 100 tools like Microsoft 365, CRMs and sales platforms.

That repeatability feature is important because getting an AI platform to give you the same answer twice is not easy. The lack of that predictability in a business setting will kill any product stone dead.

As CEO Pascal Weinberger told TechCrunch: “The problem with other AI solutions is that they just couldn’t achieve repeatability. You would give it the same task to repeat and it would do two different things. It’s, by nature, how these language models work, but makes it pretty hard to use for real business applications.”

So what is Bardeen’s approach?

“You input your prompt, such as take the meeting notes, turn it into a PDF, extract email addresses and send the PDF to each person, for instance,” said Weinberger.

“The platform runs it through a language model, and this is where the differentiation begins. It has a planning stage. So the model figures out that it has to go to the calendar and extract the calendar event, extract the email addresses, create a PDF, etc. It can do that, and then I can just type, ‘Also send a PDF to Pascal on Slack,’ for example,” he added.

Once the model has figured out a plan, it will stick to it: “So the next time I ask it to do the same thing, [the process] has become a learned skill in the same way you would teach an assistant or junior. So I can do the whole thing purely by writing in natural language. Everyone can build automation like this.”

Of course, as usual, the question is, what LLMs does the platform utilize?

Weinberger says they use Gemini to translate questions and OpenAI GPT models for “specific automation exercises.” He added, “But every week, there’s a new model that comes out and we have a benchmark to see which tasks a model is better at.”

While incumbents like Zapier, UiPath and others are racing to keep up, it looks like Bardeen is poised to leap ahead, at least for now. 

More TechCrunch

Ola Electric, India’s largest electric two-wheeler maker, saw its shares rise as much as 20% on its public debut on Friday, making it the biggest listing among Indian firms in…

Ola Electric surges in India’s biggest listing in two years

Rocket Lab surpassed $100 million in quarterly revenue for the first time, a 71% increase from the same quarter of last year. This is just one of several shiny accomplishments…

Rocket Lab’s sunny outlook bodes well for future constellation plans 

In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several…

CloudPay, a payroll services provider, lands $120M in new funding

The vulnerabilities allowed one security researcher to peek inside the leak sites without having to log in.

Security bugs in ransomware leak sites helped save six companies from paying hefty ransoms

Featured Article

A comprehensive list of 2024 tech layoffs

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the…

A comprehensive list of 2024 tech layoffs

A new “beta rabbit” mode adds some conversational AI chops to the Rabbit r1, particularly in more complex or multi-step instructions.

Rabbit’s r1 refines chats and timers, but its app-using ‘action model’ is still MIA

Los Angeles is notorious for its back-to-back traffic. Three events that promise to bring in millions of spectators from around the world — the 2026 World Cup, the Super Bowl…

Archer to set up air taxi network in LA by 2026 ahead of World Cup

Featured Article

Amazon is fumbling in India

Amazon’s decision to overlook quick-commerce in India is now looking like a significant misstep.

Amazon is fumbling in India

OpenAI’s GPT-4o, the generative AI model that powers the recently launched alpha of Advanced Voice Mode in ChatGPT, is the company’s first trained on voice as well as text and…

OpenAI finds that GPT-4o does some truly bizarre stuff sometimes

On Thursday, Box filled in a missing piece on its AI platform when it bought automated metadata extracting startup, Alphamoon.

Box adds crucial piece to its AI platform with Alphamoon acquisition

OpenAI has announced a new appointment to its board of directors: Zico Kolter. Kolter, a professor and director of the machine learning department at Carnegie Mellon, predominantly focuses his research…

OpenAI adds a Carnegie Mellon professor to its board of directors

Count Spotify and Epic Games among the Apple critics who are not happy with the iPhone maker’s newly revised compliance plan for the European Union’s Digital Markets Act (DMA). Shortly…

Spotify and Epic Games call Apple’s revised DMA compliance plan ‘confusing,’ ‘illegal’ and ‘unacceptable’

Thursday seeks to shake up conventional online dating in a crowded market. The app, which recently expanded to San Francisco, fosters intentional dating by restricting user access to Thursdays. At…

Thursday, the dating app that you can use only on Thursdays, expands to San Francisco

AI companies are gobbling up investor money and securing sky-high valuations early in their life cycle. This dynamic has many calling the AI industry a bubble. Nick Frosst, a co-founder…

Cohere co-founder Nick Frosst thinks everyone needs to be more realistic about what AI can and cannot do

Instagram is rolling out the ability for users to add up to 20 photos or videos to their feed carousels, as the platform embraces the trend of “photo dumps.” Back…

Instagram is embracing the ‘photo dump’

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Anyone paying…

Lyft ‘opens a can of whoop ass’ on surge pricing, Tesla’s Dojo explained and Saudi Arabia pumps $1.5B into Lucid

Flint Capital just closed its third fund at $160 million. Its has a unique strategy for finding its limited partner investors. 

Flint Capital raises a $160M through an unusual fund-raising strategy

Earlier this week it emerged that the DPC had instigated court proceedings seeking an injunction against X over the data processing without consent.

Elon Musk’s X agrees to pause EU data processing for training Grok

During testing, Google DeepMind’s table tennis bot was able to beat all of the beginner-level players it faced.

Google DeepMind develops a ‘solidly amateur’ table tennis robot

The X account announced that its Premium+ subscription would now be “fully” ad-free, leading some to question how this change would affect creator earnings.

As X sues advertisers over boycott, the app ditches all ads from its top subscription tier

Apple has further revised its compliance plan for the European Union’s Digital Markets Act (DMA) rulebook, which, since March, has forced it to give iOS developers more freedom over how…

Apple revises DMA compliance for App Store link-outs, applying fewer restrictions and a new fee structure

The rise of neobanks has been fascinating to witness, as a number of companies in recent years have grown from merely challenging traditional banks to being massive players in and…

Chime and Dave execs are coming to TechCrunch Disrupt 2024

If you visited the Wikipedia website on mobile this week, you might have seen a pop-up indicating that dark mode is ready for prime time.

How to enable Wikipedia’s dark mode

The home security company says attackers accessed databases containing customer home addresses, email addresses, and phone numbers.

Home security giant ADT says it was hacked

The Looking Glass Pro has a 6-inch display and a foldable base. It shows spatial images like those created with the Apple Vision Pro and iPhone 15 Pro.

Looking Glass’ new lineup includes a $300 phone-sized holographic display

TikTok’s latest offering is capitalizing on the app’s ability to serve as a discovery engine for other media — something its users already take advantage of by sharing short clips…

TikTok partners with Warner Bros. to become a discovery engine for TV and movies

Cocoon is a new startup built on the belief that greener steel production and the creation of concrete slag doesn’t have to be an either/or proposition.

Cocoon is transforming steel production runoff into a greener cement alternative

SoundHound, an AI company that makes voice interface tech used by car companies, restaurants and tech firms, is doubling down on enterprise services by playing consolidator in a crowded market.…

SoundHound acquires Amelia AI for $80M after it raised $189M+

Seeking mental health support is a complex process, but some founders believe that using AI to formalize techniques like cognitive behavioral therapy (CBT) can help folks who might not have…

Feeling Great’s new therapy app translates its psychiatrist co-founder’s experience into AI

The U.K.’s antitrust regulator has confirmed that it’s carrying out a formal antitrust investigation into Amazon’s ties with Anthropic, after Amazon recently completed a $4 billion investment into the AI startup.…

UK launches formal probe into Amazon’s ties with AI startup Anthropic