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London startup Agemo has exited stealth. Now, it's building AI reasoning for software to take on Poolside and Magic.
- Agemo has come out of stealth with $4m for building AI-driven software to Poolside and Magic.
- Its founders, Aymeric Zhuo and Osman Ramadan, want to tackle the problem of LLMs plateauing.
- Agemo wants to build a platform that aims to allow non-developers to autonomously develop software from text prompts.
- The funding was led by Firstminute Capital and Fly Ventures, and capital from DeepMind executive Mehdi Ghissassi and Datadog CEO Olivier Pomel.
- Agemo also differentiates itself from competitors by developing a neurosymbolic AI system for software reasoning.
- While current incumbents in the space deploy AI to help developers build code, Agemo wants to build a platform that actually understands software.
- Agemo is based in London, which it sees as a hotbed for AI talent.
- The company is currently preparing to release a platform called CodeWords.
- The next step is to go to market with a focus on building their software incrementally so that it can be enterprise-ready.
- Agemo raised modest sums from European investors (compared to OpenAI and Meta who raised a huge amount) has enabled Agemo to build a sustainable business.
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