Ascentra Labs raises $2 million to help consultants use AI instead of all-night Excel marathons
PositiveArtificial Intelligence
- Ascentra Labs, a London-based startup founded by former McKinsey consultants, has successfully raised $2 million in a seed funding round led by NAP, a Berlin-based venture capital firm. The funding aims to help consultants transition from traditional, labor-intensive Excel processes to utilizing artificial intelligence for enhanced efficiency in the global consulting industry, valued at $250 billion.
- This investment is significant as it positions Ascentra Labs to disrupt a consulting sector that has been slow to adopt digital solutions, potentially transforming how consultants operate and deliver value to their clients. The involvement of notable investors like Alan Chang and Fredrik Hjelm further underscores the confidence in the startup's vision.
- The move towards AI in consulting reflects a broader trend where enterprises are increasingly investing in AI technologies to improve business processes. However, challenges remain regarding the understanding and integration of AI systems, as many organizations still grapple with siloed data and the need for reliable AI governance, highlighting the ongoing evolution and complexities within the AI landscape.
— via World Pulse Now AI Editorial System
