Arcane Raises $5 Million to Expand AI Co-Pilot
Arcane, a London, UK-based provider of an AI co-pilot for modern marketers, recently announced that it has raised $5 million in Seed funding. The funding round was led by Accel, with participation from Cocoa, Firstminute Capital, Kima Ventures, and Seedcamp. Angel investors, including Meta’s VP Product for generative AI Connor Hayes, Monzo founder Tom Blomfield, Supercell CEO Ilkka Paananen, and WeWork President Anthony Yazbeck, also contributed to the round. With this new injection of funds, Arcane plans to expand its engineering and data teams, as well as further develop the platform’s AI functionalities.
Founded in late 2021 by CEO Ben Hacking and CTO Jeremy Frenay, Arcane is an AI-powered co-pilot for marketers.
The company’s AI assistant is designed to have comprehensive knowledge about campaign performance and automate various day-to-day marketing tasks. From generating reports to analyzing customer sentiment, Arcane’s AI assistant aims to speed up workflows and free up marketers' time for more impactful activities. The platform integrates with various marketing channels, such as content, organic, paid, social, and email, allowing marketers to centralize their data and tasks within one platform.
Arcane’s AI co-pilot works behind the scenes to automate mundane tasks, provide real-time assessment and reporting on campaigns, and recommend next steps. It acts as a digital brain for marketers, capturing the majority of their current workload by completing over 100 tasks. The company is continuously developing new tasks to enhance the capabilities of its AI co-pilot. While currently in closed beta, Arcane is inviting marketers to join their waitlist sign-ups as they prepare for an open beta launch later this quarter.
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| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Accel | 12 investment(s) investment(s) | 10 contacts contacts | |||
2 |  Cocoa | 1 investment(s) investment(s) | more info | |||
3 |  Firstminute Capital | 15 investment(s) investment(s) | 10 contacts contacts | |||
4 |  Kima Ventures | 1 investment(s) investment(s) | more info | |||
5 |  Seedcamp | 22 investment(s) investment(s) | more info |
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