Thread AI Inc., a startup focusing on AI-powered workflow automation, has secured $20 million in funding in a Series A round led by Greycroft.
The company was founded by former Palantir Technologies Inc. employees Mayada Gonimah and Angela McNeal and offers the Lemma platform for automating complex tasks.
Lemma uses an open-source technology called Serverless Workflow (SWF) with added features to simplify AI model integration and automate workflows efficiently.
Thread AI's platform helps customers automate tasks like troubleshooting hardware malfunctions, ingesting various types of data, and enhancing cybersecurity, resulting in up to 70% faster business processes.