Sydney-based artificial intelligence (AI) start-up Flamingo has raised AUD5m ($3.8m) in less than 15 minutes in an oversubscribed funding round, according to CEO Catriona Wallace. The funding will enable the rollout of Flamingo's flagship products, virtual sales and inquiry assistants Rosie and Maggie, aimed initially at the "highly commoditised" insurance sector. Wallace said Flamingo was "2018" of rivals Microsoft and Watson, and added the company was working on "five big client go-lives across Australia and the US".
Sydney-based artificial intelligence (AI) start-up Flamingo has raised AUD5m ($3.8m) in less than 15 minutes in an oversubscribed funding round, according to CEO Catriona Wallace. The funding will enable the rollout of Flamingo's flagship products, virtual sales and inquiry assistants Rosie and Maggie, aimed initially at the "highly commoditised" insurance sector. Wallace said Flamingo was "a good year ahead" of rivals Microsoft and Watson, and added the company was working on "five big client go-lives across Australia and the US".