Teammates.ai Launches Next-Gen AI Workforce After Rebranding, Secures New Funding
Deal News | Jan 14, 2025 | Zawya
After a successful funding round, Teammates.ai, formerly Uktob.ai, has launched a new platform aimed at transforming business operations through the introduction of autonomous AI teammates. The rebranding of the company signifies a strategic pivot towards enterprise-grade AI solutions, with the recent launch of its AI agents named 'Raya' and another specialized in inside sales. These AI Teammates possess the capability to handle entire job functions and facilitate seamless communication across multiple languages, revolutionizing work environments in the MENA region. The founder and CEO, Kareem Ayyad, expressed enthusiasm about the company's innovative direction that integrates AI to enhance productivity and empower human teams. Notably, the company has collaborated with major governmental entities in the GCC, and its previous AI initiatives garnered over 400,000 users, which contributed to attracting venture capital funding from notable investors like Hustle Fund, Access Bridge Ventures, and Oraseya Capital.
Sectors
- Artificial Intelligence
- Venture Capital
- Enterprise Software
Geography
- United Arab Emirates – Teammates.ai is headquartered in the UAE and has been working with major GCC governmental entities, highlighting its significant presence in this region.
- Saudi Arabia – Teammates.ai has a presence in Saudi Arabia, showcasing its strategic regional expansion in the Middle East.
- United States – Teammates.ai's presence in the U.S. indicates its global reach and engagement with Silicon Valley investors like Hustle Fund.
Industry
- Artificial Intelligence – The article discusses Teammates.ai's advancement in AI technology, developing autonomous AI teammates that can handle entire job roles and improve business efficiencies.
- Venture Capital – Teammates.ai completed a funding round, supported by venture capital firms like Hustle Fund, indicating its intersection with the VC industry.
- Enterprise Software – Teammates.ai's platform is positioned as an enterprise-grade AI solution, aligning it with the enterprise software sector.
Financials
- Not specified – The article mentions the completion of a new funding round but does not specify the amount raised by Teammates.ai.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Teammates.ai | Target Company | Company | A company that specializes in creating autonomous AI teammates to revolutionize business operations. |
| Hustle Fund | Venture Capital Investor | Company | A VC firm that provided funding for Teammates.ai, indicating their backing and confidence in the company's AI solutions. |
| Dubai Future Foundation | Partner | Government | A government entity collaborating with Teammates.ai to deliver innovative AI-driven projects. |
| Kareem Ayyad | CEO | Person | The founder and CEO of Teammates.ai, leading the company's strategy and innovation in AI workforce solutions. |
| Elizabeth Yin | General Partner | Person | A General Partner at Hustle Fund, expressing support for Teammates.ai's venture into AI solutions. |
| Artificial Intelligence Office | Collaborator | Government | Collaborated with Teammates.ai for AI-driven projects, indicating governmental support and partnership. |
| Ministry of Cabinet Affairs | Collaborator | Government | Worked with Teammates.ai on AI initiatives, showing collaboration with UAE government entities. |