Aucctus, a Toronto-based AI startup, believes it’s possible. With a $1.5 million seed investment led by Four Cornerstones Capital, Aucctus has created an AI-based platform that turns every employee into a potential innovator– which was equipped to bring the next big idea to their company.
Large companies often spend billions on innovation while also depending on external consultants and internal teams. Generating ideas, validating their potential, and launching them usually takes months or even years. And Aucctus reduces the time and money to do this using GenAI, utilizing years of experience and proprietary methodologies to deploy autonomous agents.
In just minutes, Aucctus identifies new ideas, vets them against market trends and corporate strategy, proposes financial models, identifies target customers, and validates assumptions. And these workflows help teams launch initiatives faster in a stage-gated process, bridging the gap between new ideas and profitable innovations.
Launched in early 2024, Aucctus has spent eight months building with eight of the world’s largest companies. Now, it is rolling out to thousands of employees across Canada, the U.S., Europe, and the Middle East, disrupting the billion-dollar innovation SaaS industry.
Aucctus will use the seed funding to expand its team of AI and machine learning engineers, further develop its proprietary technologies, and enhance the platform’s capabilities.
KEY QUOTES:
“We were frustrated that no one was harnessing generative AI to revolutionize corporate innovation. Our platform empowers every employee to become an innovator.”
-Tyler Anderson, CEO of Aucctus
“It’s humbling to see our product resonate with leaders at some of the world’s biggest brands. With this investment, we can accelerate our product development and become a must-have tool for companies committed to staying relevant.”
-Vincent Atallah, President of Aucctus
“My entire business career has been guided by the motto ‘Change or Die,’ The power of the Aucctus platform won’t just help businesses keep up—it will push them ahead of the curve and ensure they stay there.”
-Rick Ekstein, President and CEO of Four Cornerstones Capital
