Vancouver-based startup Durable has successfully raised $14 million in a Series A funding round led by Spark Capital, with participation from Torch Capital, Altman Capital, Dash Fund, South Park Commons, Infinity Ventures, and Soma Capital. The company, founded by James Clift, specializes in developing AI-powered business tools tailored for small businesses and service industries. With a particular focus on trades such as builders, bakers, and personal trainers, Durable aims to streamline business processes and facilitate online presence for traditionally offline enterprises.Durable's flagship product is an AI website creator that has already generated over 6 million websites in the past year. The funding will be utilized to expand the platform and customer base further. Noteworthy among its upcoming offerings is an "automated, proactive assistant" designed to cater to specific user profiles, providing personalized and efficient business management. This assistant, powered by OpenAI and set to launch in approximately three months, will offer users daily updates, allowing them to focus on their core business activities.Durable's unique approach involves leveraging AI to address the specific needs of small businesses and sole traders, often overlooked by other tech companies.
By incorporating AI into tools such as CRM platforms, invoicing services, blog builders, and more, Durable aims to democratize access to affordable and advanced business solutions. The company believes that AI not only makes these tools more accessible to SMBs but also enables Durable to scale its services effectively, overcoming the challenges of serving a diverse and fragmented customer base. In a statement, James Clift, CEO of Durable, expressed gratitude for the support from investors, particularly OpenAI through Altman Capital. The company envisions a future where AI empowers small business owners to operate more efficiently, delivering 10X better products and services. With the latest funding, Durable is well-positioned to contribute to the transformation of small businesses in the digital age.
The Rise of AI in Small Business: Durable's Vision for the Future. Vancouver's Durable, a pioneering startup focusing on AI tools for small businesses, has secured $14 million in Series A funding to propel its mission of transforming traditional sectors. Led by Spark Capital and featuring participation from investors like Torch Capital and Altman Capital, Durable aims to empower businesses such as builders, bakers, and personal trainers with AI-driven solutions. This marks a significant step in bringing AI's transformative power to traditionally offline sectors.Durable's AI-powered website creator has already made waves, generating over 6 million websites in the past year. The Series A funding will facilitate the expansion of Durable's platform, with a key focus on developing an "automated, proactive assistant." Scheduled for release in about three months, this assistant, powered by OpenAI, aims to revolutionize daily business management for small enterprises.
It promises to provide tailored information and suggestions, catering to the specific needs of diverse user profiles.Founder and CEO James Clift emphasizes Durable's commitment to democratizing access to advanced business tools for SMBs. By harnessing AI in areas like taxes, Durable envisions a future where businesses can run seamlessly in the background, allowing entrepreneurs to focus on their core activities. The funding not only enables Durable to enhance its existing suite of tools, including CRM platforms and invoicing services, but also positions the company as a catalyst for positive change in the small business landscape.
Durable's Unique Approach: AI as a Catalyst for Small Business Transformation.Vancouver's Durable has secured $14 million in Series A funding to propel its vision of using AI as a catalyst for transforming small businesses and service industries. With Spark Capital leading the round and a roster of reputable investors participating, including Altman Capital and Dash Fund, Durable is set to revolutionize sectors such as construction, baking, and personal training. The startup's success is attributed to its focus on providing affordable and tailored AI tools for traditionally offline enterprises.Durable's flagship AI website creator, which has already facilitated the creation of over 6 million websites, serves as a testament to the startup's commitment to bridging the digital gap for small businesses. The Series A funding will fuel the development of an "automated, proactive assistant," poised to launch in the next three months.
This AI-driven assistant, powered by OpenAI, is designed to offer daily updates and personalized suggestions, streamlining daily business operations for small enterprises. James Clift, Durable's founder and CEO, envisions a future where AI plays a democratizing role, making advanced tools accessible to small businesses.By addressing specific needs like taxes and incorporating AI into CRM platforms and blog builders, Durable aims to provide a comprehensive suite of tools tailored for the diverse requirements of SMBs. The funding positions Durable at the forefront of innovation, leading the charge in empowering small businesses for sustained growth in the digital era.