Seattle-based artificial intelligence startup Tektonic AI launched from stealth Thursday with $10 million in funding.
Madrona Venture Group of Seattle and New York City-based Point72 Ventures led the round.
Tektonic automates tasks for revenue and sales teams. The company is working with preliminary customers to get feedback on its product but plans to grow with the money.
In a news release, Tektonic co-founder and CEO Nic Surpatanu said the company believes its technology "can reliably and securely automate even the most complex and dynamic processes.”
According to Tektonic's website, the company helps with quoting, renewals, data quality and customer self-service. The company aims to move beyond automating repetitive, straightforward tasks and toward automating more complex tasks.
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Though it is initially focusing on sales and revenue operations, Tektonic said in the release it "sees broad applicability for their agents." The company has two open engineering roles listed on its website.
Surpatanu was the chief product officer at Kirkland-based cybersecurity company Tanium for more than a year before launching his startup, according to his LinkedIn page. He also spent more than 11 years at Microsoft and almost four years at UiPath. David Hsu, the company's co-founder and chief technology officer, brings experience from Google, eBay, Microsoft and Amazon, his LinkedIn page shows.
Madrona incubated Tektonic through its startup studio, Madrona Venture Labs. Madrona has invested in big local companies like Amazon, Redfin and Smartsheet. Point72, meanwhile, has invested in the investing app Acorns and the machine learning company Datalogue. Steve Singh, managing director at Madrona and the co-founder of Concur, is on Tektonic's board.
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