The struggles businesses face when leveraging AI – high setup costs, skills shortages, and lengthy integration processes – are increasingly becoming a thing of the past. AI Workers emerge as a remarkable solution, tackling diverse tasks thanks to their extensive training using a wide array of publicly accessible data. The outcome is a far-reaching understanding of their respective fields, adaptability, and proficiency in managing diverse tasks.

These AI Workers continuously learn and adapt, using their broad knowledge to efficiently manage routine tasks, process large data volumes, and provide support in fields that require broad understanding rather than niche expertise. The end result is an increase in operational efficiency, freeing human teams and other specialized AI experts to focus on strategic, high-value activities.

The AI market is on a steep growth trajectory, spurred by technological advances, increased data accessibility, and widespread adoption of AI across various sectors. The market’s potential is staggering, with estimates pegging its value at around $100 billion.

Primeclass is already garnering significant traction, having developed 5 AI Workers and secured 10 contracts ahead of its private beta launch.

“The partnership with Cross Ocean Ventures validates our mission to revolutionize businesses with our AI Workers,” said Ivan Kovpak, co-founder, and CEO of Primeclass.ai. “Primeclass is thrilled to have Cross Ocean Ventures on board as investors. Their support will undoubtedly propel our expansion plans,” he added.

“We are proud to align with Ivan and his innovative team at Primeclass,” expressed Zeynep Ilgaz, Partner at Cross Ocean Ventures. “With the evolution of generative AI and an increasing churn rate in the US job market, we foresee innovators like Primeclass becoming household names,” she added. 

About Cross Ocean Ventures

Cross Ocean Ventures is the premier early-stage investment fund for international founders with global ambitions. As general partners of Cross Ocean Venture, we’ve been there and done that – we’ve started and built companies, experienced failures and successes, and navigated through various entrepreneurial journeys. Many of us immigrated across oceans to establish our ventures and achieved success despite being part of underrepresented demographic groups. Our own experiences as founders help us better connect with, evaluate, and support the founders we fund. 

For more information, visit https://crossoceanfund.com/.

About Primeclass.ai

Primeclass.ai, founded by immigrant founders from Ukraine and headquartered in Los Angeles, is an innovative tech start-up disrupting the market with their novel approach to integrating AI into businesses. It offers a unique service, providing ready-to-deploy AI Workers who are capable of seamlessly integrating into teams across a wide range of industries. These AI Workers are trained using extensive public data, making them a versatile, adaptable solution capable of managing a multitude of tasks. From handling routine work to managing large volumes of data, Primeclass’s AI Workers are transforming the way businesses operate.

For more information, visit https://primeclass.ai

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According to straits research, the global wearable fitness tracker market was valued at $45bn in 2021 and is expected to reach $192bn by 2030, growing at 17.5% CAGR. 

ROOK is a B2B SaaS play with an immediate focus on fitness, corp wellness/insurance in the medium term and digital health/clinical trials in the long run. Since its commercial launch in August of 2022, Rookmotion has already signed 11 enterprise customers at a value of $2.6 ARR.

Cross Ocean is one of many investors seeing the value. The $1.7M USD round is complemented by investors including NuFund Venture Group, AlliedVC, Harvard Business School Alumni Angels Chicago, Hilltop Venture Partners, InstaVC, IrieVC, IQ Ventures, Liebenthal, Mana Ventures, MCMA VC, Stadia Ventures, Techstars, and The SageHouse.

ROOK has also been accepted into the EndeavorLAB and Stadia Ventures accelerator programs and looks forward to active participation over the next 3-6 months.

“We are excited to exploring new opportunities and expanding our offerings through Cross Ocean Venture’s support.” said Marco Benitez, CEO of Rook

“ROOK is the only solution on the market that standardizes and normalizes health data in real-time and with greater detail. People love tracking their health & fitness data. There are more than 1 billion connected wearable devices worldwide, which continues to grow. The timing could not be better,” said Serhat Pala, General Partner at Cross Ocean. Rook’s AI models offer personalized recommendations based on user behavior, habits, and health status. Given the large and rapidly-expanding market for health & fitness data, we believe this current adoption trend among large-scale enterprises will continue,” he continued.  

This round of fundraising comes alongside a rebrand, as the company formerly known as RookMotion has shifted to a B2B SaaS focus. ROOK’s new brand identity better encapsulates and communicates who they are and what they do. Their vision for the future–going beyond the fitness world into healthcare, insurance, wellness, and more.

About Cross Ocean Ventures

Cross Ocean Ventures is the premier early-stage investment fund for international founders with global ambitions. As Cross Ocean Venture general partners, we have started companies, failed, and succeeded in building organizations with life-changing exits multiple times. We have immigrated from across the oceans to build enterprises. Our experiences as founders help us better connect with and evaluate founders before funding and communicate with and support the founders after funding.

For more information, visit https://crossoceanfund.com/

About ROOK

ROOK’s API empowers companies with more meaningful health data. Easily process and embed data from hundreds of wearables with a single integration and gain access to deeper understanding and more actionable insights that allow you to make more informed decisions, find better solutions, and drive innovation.For more information, visit https://www.tryrook.io/

The post <strong>Cross Ocean Ventures Announces Investment In ROOK (previously RookMotion): to Empower Companies With More Actionable Health Data, Rebrands to Rook</strong> appeared first on Cross Ocean Ventures.

The Contact Center software market size was worth USD 29.5 billion in 2021 and is predicted to reach USD 165 billion by 2030, registering a CAGR of 21% during the forecast period, according to Straits Research. The rising number of scam communications have a negative impact on the number which are replied to. HM Revenue and Customs (HMRC) for example warned self-assessment tax customers to be particularly vigilant of calls, texts and email scams. In the twelve-month period to January 2022 nearly 220,000 scams offering fake tax refunds were reported to HMRC.

Currently, calls from unidentified organizations are intrusive and unpleasant, and voice-only interactions are outdated. PicUP’s technology adds a personalized digital layer to the incoming call that allows the caller to inform the recipient who is calling and why. This is done with a beautifully designed message, as well as engaging and efficient digital interactions between the agent and the customer before, during, and even after the call. PicUp already works with some of the largest telecom companies and financial institutions in Europe, and is currently installed on over 25 million devices, helping millions of customers get better calls from their service providers.

With their initial client deployments and pilots, The Company has already impressive results including a 71% call attempt reduction and a 66% answer rate uplift.

“We are proud to have Cross Ocean Ventures on board as our investors. Cross Ocean Venture’s extensive expertise and valuable insights make them the ideal partner to support our growth. This partnership will enable us to continue to refine our platform and bring our exceptional calling experience to an even wider audience of leading brands in Europe and the US. We look forward to exploring new opportunities and expanding our offerings through Cross Ocean Venture’s support.” said Lior Shacham, CEO of PicUP.

With their initial client deployments and pilots, The Company has already impressive results including a 71% call attempt reduction and a 66% answer rate uplift.

“We are proud to have Cross Ocean Ventures on board as our investors. Cross Ocean Venture’s extensive expertise and valuable insights make them the ideal partner to support our growth. This partnership will enable us to continue to refine our platform and bring our exceptional calling experience to an even wider audience of leading brands in Europe and the US. We look forward to exploring new opportunities and expanding our offerings through Cross Ocean Venture’s support.” said Lior Shacham, CEO of PicUP

With a customized digital layer, mobile phone screens can reveal a caller’s intentions instantly, resulting in a feeling of connection between the receiver and the caller. PicUP’s technology enables call centers to improve customer service, which increases sales. Through data analytics, personalisation of the user experience, safety measures, and real-time tracking, businesses can identify their customers and their reasons for calling before they even pick up the phone information.

This kind of communication enables secure, personalized, interactive communications that lead to improved customer service and, ultimately, highly effective calls.

“ PicUP has a unique approach to improving the efficiency of call centers and service providers. By using their technology, businesses and consumers can interact more deeply with their clients. PicUP is a team of professionals with growth ambitions, and we are proud to have them in our portfolio to explore new markets and opportunities.” said Serhat Pala, General Partner at Cross Ocean. PicUp is a great example of Israeli ecosystem ingenuity. A great founder team, with deep experience, global perspective and persistent resourcefulness.” he continued.

About PicUp

PicUp is an award winning AI-based visualization, optimization, and personalization platform system for outbound calls that makes it easier for businesses to engage with consumers. PicUps unique patented technology helps

call centers to improve their customer service and increase sales by adding a personalized digital layer and connecting digital channels to the phone call’s interface.

For more information visit https://www.picup.io/

About Cross Ocean Ventures

Cross Ocean Ventures is the premier early-stage investment fund for international founders with global ambitions. As Cross Ocean Venture general partners, we have all started companies, failed, and succeeded in building organizations with life-changing exits multiple times. We have immigrated from across the oceans to build enterprises. We have achieved this despite being part of underrepresented demographic groups. Our own experiences as founders help us better connect with and evaluate founders before funding and communicate with and support the founders after funding.

The post <strong>Cross Ocean Ventures Announces Investment In PicUP: Award winning AI-powered optimization and personalization platform for outbound sales and customer service calls.</strong> appeared first on Cross Ocean Ventures.

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