AI Business TinyFish Obtains USD 47 Million in Series A Financing, Majority Led by ICONIQ, with USVP, MongoDB Ventures, and Sandberg Bernthal Venture Partners Also Contributing
AI Startup TinyFish Secures $47 Million in Series A Funding
In an exciting development for the technology sector, AI startup TinyFish has successfully raised USD 47 million in a Series A funding round. The round was led by ICONIQ, with participation from USVP, MongoDB Ventures, Sandberg Bernthal Venture Partners, Mango Capital, and Mango Capital.
Founded in 2024 in California, TinyFish specializes in building and deploying AI-powered web agents. These agents simulate human browsing behavior to collect data and perform actions across websites at scale. The technology is designed to address the challenge of reliably gathering critical information from the fast-changing and complex environment of the internet.
The funds raised will be used to scale TinyFish's platform for building and deploying AI-powered web agents. The CEO of TinyFish, Sudheesh Nair, stated that the fresh capital provides a financial runway of three to four years for the 25-member team.
Dynamic price surveillance is one area where TinyFish's technology shines. This involves tracking competitor prices, promotions, shipping times, and inventory levels in real time. The company is initially focusing on the retail and travel industries for this service.
Interestingly, the brand name Staff is associated with an international franchise named Our Brand Name Media. However, it's important to note that TinyFish is a separate entity.
The technology sector has shown strong interest in autonomous software agents, with both established players and startups working on building multi-step task handling systems. TinyFish's more robust and scalable AI-driven solution is set to make a significant impact in this space.
Previously, manual data entry tasks or customized scripts were the norm. But with TinyFish's AI-driven solution, these tasks are being replaced, offering enterprises a more efficient and effective way to manage their online operations.
Sandberg Bernthal Venture Partners is a firm co-founded by former Meta executive Sheryl Sandberg. The participation of Sandberg's firm in the funding round underscores the potential of TinyFish's technology and the faith that key industry players have in the company's future.
As TinyFish moves forward, it's clear that the company is poised to make a significant impact in the technology sector. With its AI-powered web agents, the company is set to revolutionize the way enterprises manage their online operations, particularly in the areas of dynamic price surveillance and automating online tasks.
