That’s according to Jonathan Sanders, CEO and co-founder of fledgling Danish startup Light, which exits stealth Wednesday with $13 million in a seed round of funding led by European VC giant Atomico.
The Copenhagen-based startup is reimagining general ledger software from the ground up, replete with AI to cleanse transactional data, while also enabling finance teams to ask plain-English questions and receive straightforward answers from their data.
Enterprise resource planning (ERP) software is king, packing support for CRM (customer relationship management), HR (human resources), project management, and perhaps the most crucial component of all, the general ledger.
And it’s this element of the ERP that Light is focused on dragging into the modern digital era, where AI increasingly rules the roost.
“Our mission is to be the first automated ledger for global companies,” Sanders told TechCrunch.
Saudi Arabia is poised to become one of the largest global construction hubs owing to its trillion-dollar infrastructure and the real estate projects that are underway in the country.
BRKZ is today emerging from stealth backed by a $8 million Series A round co-led by Beco Capital and 9900 Capital.
Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures also participated in the round.
Following the fresh capital injection, the B2B marketplace aims to expand in Saudi Arabia and the MENA region to facilitate contractors in procuring materials and manufacturers in selling, with a focus on same or next-day delivery.
He added that the startup can process commonly ordered building materials within minutes, but more time is required for “specialized materials”.
A new startup called Ema out of San Francisco thinks it’s a lot more than just a passing fancy.
“Our goal is to build a universal AI employee,” Surojit Chatterjee, the CEO and co-founder, said in an interview.
Accel, Section 32 and Prosus Ventures are co-leading, and Wipro Ventures, Venture Highway, AME Cloud Ventures, Frontier Ventures, Maum Group and Firebolt Ventures also participating.
He himself has some 40 patents to his name in areas like machine learning enterprise software and ad tech.
Most recently, he was VP of engineering at Okta where he oversaw data, machine learning and devices; and prior to that he was also at Google, where he was engineering lead for data and machine learning where he focused on privacy and safety.
Rec, a new startup aiming to improve the local recreation experience, launched out of stealth today.
The platform’s offerings cater to four groups: residents, community organizers, coaches, and city staff.
Meanwhile, Parks and Rec departments gain access to booking, workforce management, and marketing tools.
In almost every partnership, launching Rec has resulted in both incremental participation from residents and incremental revenue for the Parks Department,” Rec explains.
“Our current focus is to build Rec hand in hand with Parks & Rec departments to give them the tools needed to give residents a reimagined recreation experience.
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