AI start-up Capacity raises $13 million to expand digital office assistant

Just ask it: "How many vacation days do I have left?"

Michael Calhoun
August 23, 2019 - 10:56 am

CLAYTON (KMOX) -- A locally-based artificial intelligence start-up is planning to hire and expand after raising more than $13 million in investment.

Capacity Founder David Karandish says the company's A.I. platform helps employees do their best work by getting rid of the busy work.

It connects with 50 different apps and responds to commands phrased like conversational speech.

You could ask it.. how many vacation days do I have left? Or, compile the sales report. Or, pull all the regulatory information out of these complicated financial documents.

Financial services and healthcare businesses are big customers.

"Instead of having dig through and get to page 274 to find the answer to that question, they just ask Capacity, which comes back instantly with a response," Karandish explains.

Example of talking with chabot on Capacity
via Capacity

He just raised a $13.2 million round of Series B funding from investors in the Midwest -- not California -- and also changed the start-up's name from Jane.ai to Capacity.

This new infusion of dollars is intended to help Capacity "continue to look for new ways for us to bring an automation suite into the office."

Karandish says, despite a tight job market, finding coders to hire in St. Louis has been just fine.

"We've kept the entire company here except our sales team," he says. "Our sales team is intentionally distributed through the country, but from an engineering perspective we've been able to find great talent here."

KMOX News asked if future advances in A.I. could completely take over peoples' jobs. Karandish predicts machine learning will more alleviate the "mundanity of work."

Soon, Capacity will move from its current building in Clayton to a new space in the Delmar Loop. He likes that Wash U interns will be able to get the office on foot.

This isn't the first tech company built in the St. Louis area by Karandish. He sold his last one, Answers, for more than $900 million.