Early-stage investment firm Antler Australia recently backed 13 startups as part of its ongoing program to invest in great local technology companies. Over the next six weeks, Startup Daily will share details of each venture in the “Antler Investor Memos” series.
You can also catch the founders on the Startup Daily show on ausbiz.com.au every Monday and Wednesday for the next six weeks.
This series is designed to give you a quick insight into startups and the people involved, many seeking follow-on capital following Antler’s initial seed investment.
Company: AI Avert
Based on: 2022
Business level: Pre-seed
Founders: Chanelle McAuliffe, Philippe Aerdeman and Javed Sheikh
Current Investors: Antler
Currently growing yes
What is the conclusion?
Non-compliance due to human error costs organizations millions each year in fines, remediation, training and manual processes. Alert AI It enables organizations to send compliant communications powered by artificial intelligence to improve customer experience and reduce risks, reputational damage and costs.
Its real-time AI compliance writing assistant proactively empowers employees to write compliant and regulatory secure communications. Using Natural Language Processing (NLP), Avert AI software detects and diagnoses threats such as non-disclosure and privacy violations in emails and documents.
Antler investment thesis
“We are impressed with Chanel and Phil’s domain knowledge and first-hand experience of privacy abuses and breaches,” said Cat Rogers, partner at Antler Australia.
“Accidental non-compliance and regulatory violations can cost enterprises millions and lead to serious consequences. Being able to arm every employee with real-time feedback to protect privacy-focused customer relationships is a strong safeguard for organizations and their customers’ privacy.”
To date drag/executives
AI’s compliance and prevention of data privacy conversations AI is first in the hands of its customers, including an ongoing pilot project with Australian online mortgage broker, UNO Home Loans.
In the coming months, Avert AI will launch its text assistant powered by NLP with intentional recognition, Personally Identifiable Information (PII) scanning and replication capabilities.
Due diligence resources
Explore Avert AI’s peak video and investor floor Antler’s portfolio discovery platform.
Level of funding
Pre-seed from Antler
For financial plans
Initial funding from Antler Australia has given Avert AI the runway to launch a beta version of the product to secure early adopters and achieve ISO/IEC 27001 certification.
say the founders
Chanelle McAuliffe, Co-Founder and CEO of Avert AI, said, “Our domain expertise in unregulated breaches and financial services, combined with NLP technology, positions us to serve this sector.
“Antler’s investment gives us confidence that we are solving a business-critical problem and that our founding team is well-positioned to build the right solution from a world-class first-rate VC.
“Beyond its initial investment, Antler has provided a significant knowledge base and resources that have created an agile approach within our team. With a network across Australia and the world, it has generated early interest and opportunities with prominent angels, VCs and stakeholders.
What’s next?
Antler, a global early stage VC, recently revealed its recent investments in great Australian founders and startups. Avert AI is introduced as one of Antler Australia’s newest portfolio companies.
Explore how Avert AI enables organizations to send compliant communications powered by artificial intelligence Antler Portfolio Disclosure Platform.
- StartupDaily is the official media partner of Antler in Australia.
