AI-powered meeting tool Instaminutes raises $500k in seed funding from India Quotient
- ByStartupStory | May 13, 2023
Instaminutes, the company behind the innovative AI-driven meeting tool that efficiently summarizes meetings, has raised $500,000 in a seed round funded by India Quotient.
Instaminutes intends to solve the challenges of time management and coordination faced in virtual meetings and online conferences in the post-pandemic era. The firm offers a secure solution that incorporates the capabilities of artificial intelligence and machine learning to achieve this objective. Built using the ChatGPT4 architecture, Instaminutes uses real-time conversation analysis to create a summary of critical points, action items, and decisions reached during meetings.
Instaminutes, co-founded by IIT Roorkee alumnus Shivam Gupta and IIT Kanpur graduate Akshat Anand, provides a customized solution to tech startups seeking to enhance productivity. The platform seamlessly integrates essential features and promotes team unity, ensuring effective coordination even in remote work settings.
According to Instaminutes CEO Shivam Gupta, “the company’s ultimate goal is to develop the world’s first trainable AI work assistant. He envisions Instaminutes as a customized version of ChatGPT that users can train and fine-tune for their teams, aligning with their specific needs and requirements”.
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