Distyl AI – a company that was founded by Palantir veterans Arjun Prakash and Derek Ho – integrates AI into the core business workflows of enterprise-scale companies. And the company announced a Services Alliance with OpenAI and has closed $7 million in seed funding. This funding round was led by Coatue and Dell Technologies Capital. There was also participation from industry leaders Nat Friedman (former GitHub CEO), Brad Gerstner (Altimeter Founder, CEO), and Dr. Jim Cash (HBS Professor).
Generative AI is known for having the potential to transform workflows for enterprise-scale companies, but integrating this technology into core processes can be a daunting and complex challenge. And customizing the AI to fit the unique data landscape, addressing technical expertise, and ensuring reliability and compliance with operational requirements can require substantial effort and resources.
Distyl AI collaborates closely with F1000 enterprises to harness the power of generative AI and create tangible business outcomes. And the successful adoption of generative AI in enterprises requires customization of a company’s unique data and seamless integration with their existing technologies and workflows. This results in AI-assisted workflows that empower humans to make faster and more informed decisions. This alliance with OpenAI allows Distyl AI to bring the latest in cutting-edge AI research (e.g. GPT-4) and infrastructure (e.g. dedicated instances) to enterprise customers while adhering to the highest standards of reliability, scalability, and security.
The Distyl AI team combines a highly experienced group of technologists and operators from prominent organizations like Palantir, Apple, BlackRock, Citadel, and Snorkel AI. And the team has a proven track record of driving transformative business outcomes at scale. By applying AI to real business challenges, they have helped companies reduce risks, increase production efficiencies, and realize higher revenues across crucial industries such as manufacturing, transportation, logistics, supply chain, banking, and for government agencies.
KEY QUOTES:
“Organizations that embrace the immense potential of generative AI and large language models will gain a disruptive competitive edge. This realization is sweeping across C-suites and boardrooms across the globe – and for good reason. While the hype around Generative AI has been about consumer and search applications, the game changing value is in elevating core enterprise workflows. That’s going to require seamless integration with an enterprise’s core data, technologies, and workflows. This is the power of Distyl AI.”
– Arjun Prakash, Co-founder and CEO of Distyl AI
“We are excited to collaborate with the exceptional team at Distyl AI. Their vision and technical expertise will empower enterprises to integrate OpenAI technologies and unlock new potential for their customers.”
– Brad Lightcap, COO of OpenAI
“I’ve been looking for a company like Distyl. The challenge in creating value from Generative AI is in the complexity of the last mile, and there is an obvious need for someone relentlessly focused on creating adoption of AI in enterprises. This team has the rare combination of expertise, experience, and obsession to create value for the large enterprises.”
– Nat Friedman, former CEO of GitHub and creator of GitHub copilot,
