SaaS startup Bridgetown Research raises $19 million in funding round led by Lightspeed and Accel
Bridgetown Research has raised $19 million in a funding round led by global venture capital firms Lightspeed and Accel.
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The funds will be used to enhance the training of artificial intelligence (AI) agents to handle a wider variety of analyses across diverse domains, to strengthen the R&D team, and to grow partnerships.
“The market is already huge and is served by two types of companies: large consulting firms, where you have to pay $1 million for a month, and off-the-shelf report generators, who will send you a report for $5,000,” cofounder and chief executive Harsh Sahai told ET. “There isn't much in between, so the penetration is actually quite low. As a result, many companies can't afford strategic advice.”
Founded in 2024, the Seattle-headquartered company uses AI agents to collect proprietary data and analyse it to help clients make strategic business decisions. It also has voice bots trained to recruit and interview industry experts, gathering primary data that is analysed alongside alternative data from its partners.
“You can get a response in as little as 24 hours for simpler questions. For more complex questions, it can take anywhere from two to five days,” Sahai said. “If you compare that to how much time and effort you would spend on your own, that's easily 3x shorter,” he said.
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