2 years ago
Arcane Raises $5 Million for AI-Powered Marketing Automation
Arcane, a UK-based AI marketing startup, has secured $5 million (£3.92 million) in seed funding led by Accel
The company's platform uses AI to automate marketing tasks, freeing up marketers' time for strategic work
The funding will be used to expand the engineering and data teams ahead of an open beta launch
The round also included participation from Cocoa, Firstminute Capital, Kima Ventures, Seedcamp, and angel investors including Monzo co-founder Tom Blomfield, Supercell CEO Ilkka Paananen, WeWork president Anthony Yazbec, and Meta's VP product for generative AI Connor Hayes.
ProblemTechnology
"Marketers wasting time on repetitive tasks instead of higher impact activities"
Solution
"Augmenting and automating marketing tasks with AI 'co-pilot' to free up time for focus on higher impact tasks"