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Memory.ai, a company that creates AI-based applications, has received $14 million in a round headed by Melesio and Sanden. The money will be utilized to develop new apps that will aid individuals in becoming more productive. Dewo and Glue are two applications that are in the works. Both of these apps will be available in the second half of this year.
Memory.ai, an AI-based application builder, has announced that it has raised $14 million in a funding round led by Melesio and Sanden. Other participants include Investinor, Concentric, and SNÖ Ventures.
The funds will be used to develop more applications that will help people inefficient productivity. In the pipeline, some apps are Dewo, an application that aims to help individuals accomplish more “deep work” by learning about what they’re working on and filtering out distractions so they can focus more effectively, and Glue, a knowledge center to aid in the creative process. Both the applications are slated for release later this year.
According to CEO Mathias Mikkelsen, Getting time tracking or any other type of productivity right has never been a UI issue. “It’s an issue of human nature.” This is where AI comes in to urge individuals toward what they consider essential while nudging them away from tasks that may not contribute. Memory.ai now aims to expand to apps for carving out time for deep thought and creative thinking since tackling more significant challenges beyond time is critical to boosting overall productivity.
Memory’s proven software is already redefining how businesses around the world track, plan, and manage their time. We look forward to working with the team to help new markets profit from the efficiencies, insights, and transparency of a Memory-enabled workforce.Arild Engh, a partner at Melesio
We continue to be impressed with Memory’s vision to build and launch best-in-class products for the global marketplace. The company is well on its way to becoming a world leader in workplace productivity and collaboration, particularly in light of the remote and hybrid working revolution of the last 12 months. We look forward to supporting Mathias and the team in this exciting new chapter.Kjartan Rist, a partner at Concentric
Memory.ai is the startup behind Timely, a time-tracking application.