This was reported by co-founder and Chief Technology Officer (CTO) Andrey Varenik on his LinkedIn.
“Just a month ago, Paul Vahtel and I were discussing the topic of raising investments for our business. The pros and cons, what we would do with these funds, how it would affect product development, etc. — Varenik writes. — And now this is our new reality: $500,000 in angel investments for the development of our AI startup CostCare AI.”
CostCare AI specializes in implementing innovative solutions for businesses aimed at enhancing workforce efficiency. Utilizing artificial intelligence technology, the company creates “virtual employees” — systems that help address issues related to inefficiency, employee turnover, and hiring costs. These virtual employees are integrated into workflows, optimizing them and delivering consistently high results.