Harnessing the Power of AI: Quantum Rise Revolutionizes Automation for Businesses
Chicago-based startup Quantum Rise has recently secured a $15 million seed round investment from Erie Street Growth Partners. Led by Alex Kelleher, the former founder of adtech platform Cognitive Match, Quantum Rise is on a mission to bring AI-driven automation to businesses. Its unique “Consulting 2.0” model combines AI and human intelligence to automate workflows, develop tailored AI solutions, and accelerate overall business growth.
Quantum Rise’s approach shares similarities with UIPath, a renowned company that introduced robotic process automation to enterprises. However, Quantum Rise takes a broader perspective on the challenges businesses face with AI and provides a more comprehensive support system. By merging human and machine intelligence, Quantum Rise aims to revolutionize the consulting industry by eliminating the reliance on human labor and maximizing automation.
According to consulting giant BCG, AI integration is expected to contribute significantly to the revenues of consulting firms in the coming years. BCG predicts that by 2024, around 20% of its revenues will come from assisting corporations in integrating AI, which will increase to 40% by 2026. Additionally, IBM has already secured over $1 billion in sales commitments related to generative AI, further highlighting the potential market opportunity for AI-driven automation.
Quantum Rise recognizes this growing demand and intends to capitalize on it. Kelleher believes that the consulting industry is on the verge of a major transformation due to its reliance on manual labor and lack of automation. Many CEOs of large companies are seeking affordable alternatives to traditional consulting services like Deloitte. Quantum Rise aims to fill this gap by providing heavy engineering expertise and offering end-to-end automation solutions.
“The number of CEOs of these $300M companies who don’t know where to start is enormous. They can’t afford the Deloittes of this world. That’s where we come in. They want somebody to come in and just automate the company and make it happen,” explains Kelleher.
Erie Street Growth Partners, the lead investor in Quantum Rise’s seed round, recognizes the potential of Quantum Rise’s approach. Terry Graunke, chairman and CEO of Erie Street Growth Partners, commends Quantum Rise’s ability to apply data, automation, and AI to augment human intelligence and drive business growth.
With its AI-driven automation solutions and focus on merging human and machine intelligence, Quantum Rise is poised to revolutionize the consulting industry. As the demand for AI integration continues to grow, Quantum Rise’s unique approach positions them as a key player in helping businesses navigate the complexities of AI adoption and achieve sustainable growth in an increasingly automated world.