MULTIPLY GAINS NEARLY $2 MILLION IN FURTHERING COLLABORATIVE EFFORTS WITH GENERATIVE AI

Stockholm tech startup, Multiply, has secured $1.8 million from Estonian venture capital firm and leader, Tera.vc to assist in their vision.

The platform is said to have the ability to make team collaboration and project conclusions using AI operations. It will also feature generative AI tendencies where data in text, images or code can be recreated. This eventually quickens the pace of work for companies along with presenting top tier outcomes.

Generative AI is used in various fields such as logistics and transportation, travel, healthcare, and marketing to name a few. The technology recreates new, similar data based on what it has learned, affording businesses the leverage of getting jobs done without hassle.

Co-founder and partner at Tera.vc, Stanislav Ivanov, says: “We’re still in the infancy of end-user apps driven by generative AI…Multiply is solving the universally hard problems of productivity and collaboration. Despite all the open-ended tools that have become so popular in the past 10 years, none even come close to the power Multiply puts in the user’s hands.”

“The power of AI offers a 10x speed increase to any use case, so you can fast track project timelines and produce more work, ultimately increasing your bottom line,” said Founder and Chief Executive Officer (CEO) of Multiply, Rasmus Adler Wahlberg. “This technology is like magic at your fingertips, and we’re excited to share it out with the world.”

Furthermore, Multiply will feature in Slush 2022, a startup event in Helsinki between Thursday, November 17th, and Friday, November 18th. The event will offer an opportunity for participants to test the technology out.

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