Square Peg | Investment Notes: GoodWork.ai AU$4M Seed
Summary
Answers to these questions could mean literally billions in market share.Everyone is scanning tables of data, searching for signal in the noise. Months-long projects are often required to get all the information you need to properly review your range.This is time retail teams just dont have. We have no source of truth.This is a pretty wild thing to hear in an industry that spends $6B on everything from data warehouses to BI tools and consultancies. Ric Porteous is a PhD in Engineering who was known as one of the top data scientists at BCG.After years of frustration, the founders realised that, for the first time, it was becoming possible to give retailers their dream: unlimited, accurate, real-time analysis.Now, if youre in retail, hearing about yet another "insights" tool might feel depressingly familiar. Theyre using LLMs to provide an interface to those models so that real humans on the team can work in partnership with the AI analyst to dig into the "why".What this enables is a lightning-fast, unified source of truth combined with an "always on" analyst that deeply understands retail and can provide answers in seconds or alert the team to issues before they even know to ask the question.GoodWork.ai is already hard at work with some of the worlds largest retailers as design partners.