Guidde Raises $11.6 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">BELMONT<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; Guidde&comma; a video documentation platform harnessing generative AI&comma; has raised a <span class&equals;"xn-money">&dollar;11&period;6 million<&sol;span> Series A funding round led by Norwest Venture Partners and joined by existing investors Entrée Capital&comma; Honeystone Ventures&comma; Crescendo Ventures&comma; and new investor Tiferes Ventures&period; The Series A funding comes within a year of the company&&num;8217&semi;s product launch&comma; bringing its total capital raised to <span class&equals;"xn-money">&dollar;15&period;6 million<&sol;span>&period; Guidde says it will use the capital to expand its engineering and data science teams and grow its go-to-market team as it looks to develop its presence around the globe&period;<&sol;p>&NewLine;<p>The company was founded in 2020 by repeat entrepreneurs <span class&equals;"xn-person">Yoav Einav<&sol;span> and <span class&equals;"xn-person">Dan Sahar&period;<&sol;span><&sol;p>&NewLine;<p>Organizations today rely on over 200 software apps on average to deliver on their mission&comma; according to Okta&&num;8217&semi;s <u><a href&equals;"https&colon;&sol;&sol;www&period;okta&period;com&sol;businesses-at-work&sol;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Businesses at Work<&sol;a><&sol;u> 2023 Report&period; As a result&comma; employees are tasked with operating more tools with less training than ever before&comma; negatively impacting software adoption and engagement&period; Video is seen as the most effective medium for driving adoption with <u><a href&equals;"https&colon;&sol;&sol;serpwatch&period;io&sol;blog&sol;video-marketing-statistics&sol;&num;&colon;~&colon;text&equals;In&percnt;20addition&percnt;2C&percnt;2069&percnt;25&percnt;20of&percnt;20consumers&comma;greatly&percnt;20depends&percnt;20on&percnt;20the&percnt;20quality&period;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">69&percnt; of people preferring video<&sol;a><&sol;u> over text when learning about a product or service &&num;8211&semi; but creating video-based knowledge at scale is still lagging behind&period; This is where Guidde steps in by empowering teams with AI-driven video documentation&period; The product leverages generative AI to enable anyone to create&comma; edit and share how-to guides for any software or process &&num;8211&semi; without requiring any prior design or video skills&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Software apps have become essential to businesses of all types yet adoption challenges such as knowledge sharing&comma; onboarding&comma; training&comma; and support remains an ongoing pain point across the board&period; What today&&num;8217&semi;s software is missing is an effective navigation system&comma;&&num;8221&semi; said <span class&equals;"xn-person">Yoav Einav<&sol;span>&comma; Co-Founder and CEO of Guidde&period;&&num;8221&semi;  &&num;8220&semi;At Guidde we are building the &&num;8216&semi;Waze for software&&num;8217&semi;&comma; which helps you navigate any application using video&period; In today&&num;8217&semi;s landscape&comma; if users struggle to grasp a product&&num;8217&semi;s functionality&comma; they&&num;8217&semi;re unlikely to remain engaged&period; We&&num;8217&semi;ve harnessed generative AI to craft a solution that boosts application adoption&comma; engagement&comma; and retention rates&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Video creation today is fragmented&comma; lengthy and hard &&num;8211&semi; it typically involves multiple tools&comma; multiple people and entails sometimes weeks of work to produce even a single video&period; Guidde fuses multiple point products with the power of AI to establish a single platform that allows anyone in an organization to create&comma; edit&comma; publish and analyze video and documentation for any software in less time that it takes to make a cup of coffee&period; Combining application workflow intelligence with AI generated storyline&comma; voiceover&comma; motion and interactivity&comma; the platform enables organizations to capture and deliver their know-how at scale&period;<&sol;p>&NewLine;

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