Compose.ai Raises $ 2.1 Million to Help Everyone Write Faster – TechCrunch
In today’s GPT-3 world, it’s not uncommon to hear about new software services that deal with text. Compose.ai is one such company, although it has built its own language model to help people write faster. His early work on the products was enough for him to land a $ 2.1 million funding round led by Craft Ventures, he announced this morning.
Compose.ai is basically an autocomplete feature that works wherever you browse the web. The business is also boosting the ability of its AI-powered backend to learn your voice, soak up the context to help provide better responses, and over time absorb a company’s larger voice to help align its overall write output.
Co-founders Landon Sanford and Michael Shuffett told TechCrunch that Compose.ai believes that in five years, average people won’t type every word they write. They want to bring that future to more people through the Chrome Compose.ai extension, which hopefully workers can access without having to get permission from the company.
Sanford and Shuffett described their language algorithm as a product on several levels. His first level is learning by reading the Internet himself, by learning English. The second level deals with specific areas, such as email. The third level learns a user’s voice and, over time, a fourth level will deal with the generalized approach to a company’s language.
The ability for a business to provide its employees with a shared language model that could offer language preferences and word choice as they write is an interesting concept. The idea of such a strong, central tone falls somewhere between useful and intellectually rigid. But a lot of people don’t want to put their own spin on writing; a lot of people don’t like to write at all. So maybe having more central support won’t be expensive for most – but more of a time-saving hack.
Either way, Compose.ai will recruit modestly with its new raise. The company currently has three full-time employees and contract support. Sanford and Shuffett told TechCrunch the company intends to stay small, hiring a few experienced engineers and machine learning staff to help grow its product team.
What awaits you for Compose? Its founders told TechCrunch that they are starting to talk a little more to the corporate world and plan to launch a paid service towards the end of the quarter. This could mean early income, greatly expanding the startup’s track.
What Compose is building is not technically straightforward, and the company has some interesting work ahead of it to properly adjust its economy. The founders of the company told TechCrunch that the customization work its product will perform for customers can be costly if done poorly; the pair said they could make a future $ 10 / month plan economically attractive, but if done in a “naive” way, Compose.ai could spend $ 500 on compute costs to support the same account.
It would be bad.
But the company is convinced that its impending paid plans should stand out well in financial terms, which makes us all the more interested in giving this version of its product a twist when we get the chance.