Interesting and Profitable

What interesting and profitable venture can you engage in right now? Well, the unexpected answer is automating companies’ business processes using AI. Why? Because AI is fascinating, and business process automation represents a vast market. AI is transforming everything, creating an opportunity to enter this market with new platforms. An example of this can be observed in the startup mentioned here.

Project Essence

Leap AI is a platform where you can create and save sequences of operations using AI tools. This allows any complex sequence of actions to be performed with just one click.

The purpose is to integrate AI operations into routine business processes of companies without requiring employees to remember how to do it each time, saving time and avoiding errors.

The platform has ready integrations with many popular language models and AI tools, enabling the execution of text queries, analysis of textual documents, creation of images and videos, adding voiceovers, composing music, and performing other essential tasks.

Naturally, the startup adds new integrations for emerging AI tools that gain popularity.

The platform includes a catalog of ready templates for various common tasks such as summarizing and categorizing documents, translating videos, creating meeting transcripts, generating additional pages for search engine optimization, and more.

These templates can be used as-is, customized, and users can create their own templates for future use.

The created sequences of actions can be executed manually with one click or, by adding just one API call, integrated into the corporate business process automation system.

You can try the platform in action for free, but with significant limitations on the number of sequences created and their executions. The working version of the platform will cost $29 per month. The cost for large companies to use the platform needs to be requested separately.

The startup was founded in 2023, but it has already attracted significant clients such as Heineken, Vercel, and Zapier.

Currently, Leap AI has raised its first investment round of $1.4 million.

What’s Interesting

In traditional automation platforms for executing sequences of actions, like Zapier, for example, the logic of executing sequences is rigidly defined—do this first, then that. At best, there are logical branches—if a certain result is obtained at the current step, do this; otherwise, do that.

In other words, with traditional platforms, we say, “act like this, and whatever happens, happens” 😉

The current version of the Leap AI platform is also built on this principle. However, the power of AI lies in its ability to “think.”

Therefore, the startup is currently working on a new version of the platform that will work the other way around—supporting the ability to build sequences of actions “from the result.” In the foreseeable future, we’ll be able to tell the platform what result we want to achieve, and the platform will autonomously assemble the necessary sequence of actions, modifying it based on the results obtained at each step.

Thus, the new version of the platform will operate on the principle—”I want to achieve this, figure out what needs to be done.”

This is a very fundamental change in the concept of business process automation systems, made possible only by the development of AI technologies. Soon, I believe, a new generation of automation platforms will emerge on the wave of these changes, with Leap AI aspiring to be one of the leaders.

Another crucial statement came from one of the co-founders of Leap AI: “We see our startup as an opportunity to create a tool for entirely new applications made possible by the emergence of new AI platforms. And our main challenge is the speed of implementation.”

The point is that the advent of AI has not gone unnoticed by existing players in the business process automation market and by new players eager to enter this market on the wave of AI development.

For example, in October, I wrote about the startup Relay, which also created a new platform for the automatic execution of action sequences. It considers its competitive advantage the ability to add AI tools to these sequences—such as automatically creating summaries from received documents or generating automatic responses to emails. Almost solely due to this, the startup has already raised $8.1 million in investments.

And, of course, this is just one example. There are already many and will be even more eager to do the same now. Everyone will start peeking at each other’s new features and immediately incorporate them into their platforms.

Therefore, the question of winning this race is a matter of who can roll out new features and integrate with new AI tools faster. They will be the ones making a new step forward while everyone else is still copying what they did on the previous step 😉

In general, it’s business as usual. In business, the winner is usually not the smartest but the fastest 😉 And it’s very reassuring that the founders of Leap AI are clearly aware of this.

Where to Head

AI is starting to become a practical tool for automating business processes in companies. This is a significant platform shift that could genuinely alter the leadership landscape in this market.

Simultaneously, there is an overwhelming influx of new AI tools, each providing a multitude of capabilities. The challenge isn’t so much about racing ahead but rather avoiding falling significantly behind the trend.

As a result, platforms like Leap AI are poised to be in high demand. They assist companies in seamlessly integrating modern AI tools into their business processes, making the adoption process simple and efficient. This approach eliminates the need for companies to invest unnecessary time and money in turning their employees into experts on AI technologies and tools.

So, the direction is clear—creating platforms for business process automation using modern AI tools. This includes incorporating new concepts in automation, such as the aforementioned “from the result” automation principle.

This theme is vast and incredibly timely. Now is the opportune moment to step into this field, bearing in mind that the primary competitive advantage for a startup aiming to thrive amidst these changes is speed.

About the Company
Leap AI
Website: tryleap.ai
Latest Funding Round: $1.4M, January 9, 2024
Total Investments: $1.4M, Rounds: 1

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