Chicago-based startup Quantum Rise has secured a significant $15 million seed funding round led by Erie Street Growth Partners. Founded by Alex Kelleher, former founder of Cognitive Match, Quantum Rise specializes in AI-driven automation solutions tailored for enterprise challenges, akin to UIPath’s robotic process automation but with a broader AI focus.
Quantum Rise operates under a "Consulting 2.0" model, deploying AI to automate workflows, develop tailored AI solutions, and accelerate business growth. This approach addresses critical hurdles faced by companies seeking efficient automation strategies.
The startup’s mission aligns with a growing market trend highlighted by consulting giant BCG, which forecasts substantial revenue growth from AI integration services. IBM's success with generative AI further underscores the expanding opportunities in this sector.
Alex Kelleher emphasizes merging human and machine intelligence as the key to Quantum Rise’s strategy. He critiques traditional consulting models reliant on human labor and aims to fill a gap for mid-sized companies seeking sophisticated automation solutions without the high costs associated with major consulting firms.
Terry Graunke, CEO of Erie Street Growth Partners, praised Quantum Rise's ability to leverage data, automation, and AI to enhance human intelligence and drive business expansion.
With this funding, Quantum Rise aims to further disrupt the consulting industry by introducing robust engineering solutions tailored to the automation needs of mid-sized enterprises, positioning itself at the forefront of AI-driven innovation.
