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HomeBusiness NewsVee raises $7m to assist non-profits elevate cash with AI

Vee raises $7m to assist non-profits elevate cash with AI



Vee raises $7m to assist non-profits elevate cash with AI

Israeli startup Vee, which has developed an AI-based platform for non-profit administration, helps elevate donations for evacuees, Israeli troopers and others affected by the warfare in Israel from fellow-Israelis, Jewish communities world wide and Christian communities and others who help Israel.

Vee itself has additionally introduced the completion of a $7 million seed financing spherical led by TLV Companions. Vee was based in 2020 by CEO Could Piamenta, COO avi Amor, CTO Idan Tubi and VP gross sales and progress Noam Mendelson. The corporate has 20 workers, most of them in Ramat Gan in addition to in Miami. Vee has greater than 100 clients within the US.

Vee is generally targeted on the US market, however through the warfare in Israel the startup has supplied its platform freed from cost to advocacy and fundraising initiatives. Piamenta, 24, recounts, “When the warfare broke out, quite a lot of teams sprung up that wanted public diplomacy content material in English, so we provided Maggie to assist them,”

Maggie is an AI-based digital agent that gives skilled digital advertising providers. In different phrases, she works proactively, and doesn’t look forward to working directions.

For instance, Maggie can scan the social networks, and search for content material that works properly within the discipline during which the non-profit operates, and stimulates the involvement of Web customers. Maggie produces new content material, designs the graphics and posts on to social networks.

Piamenta explains, “With Maggie, we created over a thousand items of informational content material in English in a single month. As well as, due to our entry to donor databases and foundations, we have been capable of make good connections between military models and personal people and foundations that we had within the database. In two months, we raised about NIS 2 million to buy gear for troopers, the evacuees and to help households of hostages.”

The brand new capital raised shall be used to increase improvement groups to extend the vary of options provided by the corporate to non-profit organizations.

“Even throughout highschool, I used to be concerned in contributing to the group, and even then I led international non-profit initiatives, during which I managed the operational setup of a US non-profit in 32 international locations. After gaining expertise within the discipline, I spotted that the necessity for technological instruments was monumental, particularly due to the restricted budgets and lack of knowhow. I assumed it was time for these essential organizations to have a neater and clearer approach to succeed, which is why we began Vee.”

In keeping with Vee knowledge, the non-profit sector within the US has 1.8 million organizations, and $2.9 trillion flowing into it yearly however most of it stays exterior the AI revolution. A big a part of the work processes are carried out by handbook strategies that require many sources.

Into this vacuum comes Vee’s AI brokers. Along with Maggie, Vee’s grant device has been developed to boost grants for non-profit organizations, and in accordance with the corporate, it already demonstrates figures of equivalent success as these of human professionals, and at a a lot decrease price.

Printed by Globes, Israel enterprise information – en.globes.co.il – on July 11, 2024.

© Copyright of Globes Writer Itonut (1983) Ltd., 2024.


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