Dashworks launches AI assistant to streamline internal knowledge for enterprises, raises $5M

The company also announced the expansion of its seed round with $5 million in additional funding from existing investor Point72 Ventures.Dashworks said it plans to use the capital to further grow its footprint and expand the capabilities of the new AI assistant, which is already seeing strong demand from startups and large enterprises looking to bring order into their massive data ecosystems.Our mission at Dashworks is to empower teams to unlock the full potential of their internal knowledge, and Dash AI is a significant step forward in achieving that goal, said Prasad Kawthekar, CEO and cofounder of the company. With the support of Point72 Ventures and other investors like South Park Commons, we are well-positioned to enhance our platform and revolutionize how teams find, organize, and utilize information in the workplace.Today, internal business knowledge remains scattered across dozens of applications and systems. This experience made me realize the true cost of scattered information at a company.To address this problem, he teamed up with fellow Stanford batchmate Praty Sharma and launched Dashworks in 2020. It went live six weeks ago (in beta) at a price point of $4.99 per user per month and is witnessing 100% week-over-week growth, the company said.Weve seen rapid adoption from existing customers like Swiggy (Indias largest food delivery service), Invisible Technologies and Owner, said Kawthekar. This includes deeper and broader integrations with the source of truth work apps like databases and voice transcription as well as workflows for verifying and improving AI answers.In the medium term, we plan to add support for more use cases like personal assistant-type queries (What is my schedule for the day?)