OmniAI Revolutionizes Business Data for AI Integration

Many companies struggle to leverage their data effectively, with Forrester reporting that up to 73% of business data remains unused for analytics. This challenge often arises from data being siloed or restricted due to technical and security issues, making it hard to utilize analytical tools.

Anna Pojawis and Tyler Maran, engineers with experience at Y Combinator-backed startups Hightouch and Fair Square, identified this problem and aimed to solve it. They noticed that numerous companies, especially in regulated sectors like healthcare and finance, were unable to implement effective analytics strategies due to these obstacles.

"We observed that a significant portion of the market, particularly regulated industries, faces challenges with data analytics," Maran shared with TechCrunch. "Much of the corporate data, such as sales calls, documents, and Slack messages, doesn't fit into traditional databases. Moreover, off-the-shelf data models often fall short for these companies."

In response, Pojawis and Maran founded OmniAI, a suite of tools designed to convert unstructured enterprise data into formats that data analytics applications and AI can process. OmniAI integrates with data storage services and databases like Snowflake and MongoDB, preparing the data and allowing companies to run models of their choice, such as large language models, in various environments including the company’s cloud, OmniAI’s private cloud, or on-premises setups, enhancing security.

"We foresee large language models becoming integral to company infrastructures in the next decade, and centralizing data management simplifies this process," said Maran.

OmniAI provides out-of-the-box integrations with models such as Meta’s Llama 3, Anthropic’s Claude, Mistral’s Mistral Large, and Amazon’s AWS Titan. These integrations support use cases like automatic data redaction and AI-powered application development. Customers subscribe to OmniAI's software-as-a-service model to manage these models on their infrastructure.

Although still in its early stages, OmniAI has secured a $3.2 million seed round led by FundersClub, reaching a $30 million valuation. The company already boasts 10 clients, including Klaviyo and Carrefour, and aims to achieve $1 million in annual recurring revenue by 2025.

"We are a lean team in a rapidly growing industry," Maran added. "We believe that companies will eventually prefer running models alongside their existing infrastructure, while model providers will focus on licensing model weights to cloud providers."