Katara, an AI-agent workflow automation platform, announced it raised $2.2 million in seed funding co-led by Diagram Ventures and Sparkle Ventures, with participation from StreamingFast and other strategic angels. This brings the total amount raised to $2.6 million, which includes the pre-seed round.
The company – which was incubated at Diagram – will use the funding to further propel development of its AI-agent marketplace, enabling clients to deploy and combine autonomous assistants to tackle a wide variety of tasks.
Katara’s platform leverages a mix of traditional ML/NLP along with sophisticated foundational models and Generative AI, significantly streamlines community and developer onboarding, while surfacing actionable analytics. And teams can offload repetitive and fragmented workflows to AI-agents across disparate platforms saving them time. This has already resulted in substantial efficiency gains for several early launch partners, notably saving over 8,700 hours annually for AVAIL Protocol, Hivemapper, and Filecoin.
The need for better AI-powered workflows for DevX teams like Developer Relations is clear and growing. Teams have been under-resourced and burn a ton of time and resources on repetitive Q&A, custom educational content creation, multi-format content delivery, and other manual processes. And an inability to deliver accurate and timely content experiences negatively impacts traction with developers and impedes the overall growth of a project’s value. Nearly half of developer relations professionals surveyed by the State of DevRel report in 2023 reported experiencing burnout in the past year, with content creation cited as the top challenge.
With the seed funding round, Katara will expand its reach beyond web3 to include major web2, AI, and open-source platforms. And the tools developed by Katara will turbocharge the efficiency of developer experience teams in all of their workflows.
KEY QUOTES:
“Katara AI, tuned for developer content and tasks, helped us to get clarity on where gaps are in our developer experience so we can better focus our funding on addressing and enhancing [it.] Katara provides a solution to quantify DevRel problems that were otherwise impossible to compare. I will take it wherever I go.”
- Former Filecoin Developer Advocate Jenks Guo (now Head of Developer Relations of Babylon Labs)
“With this significant investment we’re poised to build the stack that has been missing for DevX teams across Web2 and Web3. Our human-in-the-loop approach brings maximum efficiency and safety to agentic workflow automation.”
- Matthew Rossi, Cofounder and CEO of Katara
“This investment will enable us to scale our solution globally, leverage the latest AI techniques, enable incredible content collaboration, and ensure that our customers receive the most meaningful and actionable insights.”
- David Feldman, Cofounder and CTO of Katara
“Katara’s holistic approach to automating developer workflows with GenAI is groundbreaking. Matthew is the perfect founder to build Katara given his depth of experience at Polygon, Chainalysis, and other web3 and AI companies.”
- Ken Nguyen, Partner at Diagram
“Katara sits squarely within our thesis for how GenAI tools can solve problems with how web3 communities grow and blockchain networks accrue value. We are thrilled to support their journey as they expand their innovative platform to new markets.”
- Thibaut Chessé, Partner at Sparkle Ventures
