AI and Web3 firm idea-L has raised a total of $1 million in its pre-seed funding round. The money will be used for the launch of its new platform that helps entrepreneurs and startups with the ideation process of their favourite projects, the company announced Thursday. The investment was secured mostly from angel investors.
idea-L has its headquarters in Dubai, a strategic hub where startup founders of all backgrounds in the wider MENA region come to launch companies across multiple industries.
“We want every would-be founder to carry a supportive, tireless, data-driven co-founder in their pocket,” said idea-L CEO Peter Goodwin. “We want to create an experience that costs minutes, not months.”
The main framework backing idea-L’s platform is the Idea Realisation Platform. Additional features to follow include the following: LIVE-Feasibility, team-LIVE Feasibility, full-IRP, and the IFP funding engine.
“We watched brilliant people walk away from great markets because their idea-to-launch costs were too high,” added Goodwin. “By automating the riskiest slice of the journey, we unlock thousands of experiments that would otherwise die in someone’s notebook.”
According to COO Daniel Muller, the long-term aim of idea-L is to expand business theory across its various product categories, industries, and geographies. Finally, large language models are expected to make up 20% of total AI architecture.