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Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. 19 Days active 410 …
source: Benzinga
ticker | polarity | why? |
---|---|---|
NFLX | positively | NFLX, having adopted Onyx, will likely experience enhanced operational efficiency from better information access, which will positively affect their overall productivity and innovation. With Onyx’s privacy-focused AI capabilities, NFLX can maintain robust data security that is likely aligned with their strategic IT objectives. |
THLEF | positively | The ticker THLEF, which represents Thales Group, will likely be positively affected by this news, as Thales Group is mentioned as an early adopter of Onyx’s technology to enhance team efficiency and improve information. With plans to further develop its AI research agent and expand its teams, Onyx’s technology. Enhancing such technology is likely to benefit regularly investing entities into the enrichments planned to the product. |
AI Startup Onyx Secures $10M Seed Funding to Revolutionize Enterprise Search SAN FRANCISCO – Onyx, a pioneer in AI-powered deep research agents for the workplace, has announced a significant $10 million seed funding round. The investment was co-led by Khosla Ventures and First Round Capital, with participation from notable firms like Y Combinator and prominent angels, including Gokul Rajaram (Coinbase, Pinterest), Arash Ferdosi (Dropbox), Amit Agarwal (Datadog), and Kulveer Taggar (Zeus Living). The funds will be instrumental in furthering the development of Onyx’s AI research agent, as well as expanding its engineering, developer relations, and go-to-market teams, said Yuhong Sun, Co-Founder of Onyx. He also noted: “With Onyx, we have crafted an open-source solution to address the challenges. Our solution is designed to retrieve the most complete context and we are totally privately analyzing our data.” As teams expand, information becomes scattered and difficult to retrieve across various SaaS tools. employees spend countless hours in Slack messages, Confluence pages, and Google Drive documents. Onyx seeks to solve this by emulating a highly informed colleague available around the clock. It’s designed to explore multiple pathways and segments, delivering comprehensive and immediately relevant responses. Key enterprise customers, including Netflix, Thales Group, and Bitwarden. have already adopted Onyx to enhance their team’s efficiency. Investors are bullish about Onyx and its potential to transform how enterprises access critical information. “Onyx is an open-source enterprise search designed with privacy and security at its core. This approach enables companies to utilize Onyx without having to share their data with third parties. Instead, Onyx retains all their own data in compliance with their own data privacy policies. This privacy oriented AI agent can pay dividends for company performance,” said Adina Tecklu, Partner at Khosla Ventures. Onyx is positioning itself as a leader in the open-source enterprise search arena, attracting a diverse range of clients, from major tech firms to security-focused defense organizations.
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