How AI-powered Business Advisors Boost Small Business Growth

By CIOReview | Friday, November 1, 2019

AI-driven platforms acts as personal business advisor to small business owners and budding entrepreneurs, and supports them for business growth and development.

FREMONT, CA: Alice, the first platform powered by AI that works as a personal business adviser to small business owners, closed a Series A funding led by SVB Financial Group, a parent company to Silicon Valley Bank. Alice uses artificial intelligence to provide an online platform that acts as a free business adviser, where small business owners can access knowledge and resources, connect to governments, and various organizations. SVB Financial Group supports Alice and its work to help businesses grow and increase their revenue rate. 

With this round of funding, Alice continues to develop predictive technology by using data analytics to guide every entrepreneur at every stage of their business processes. Alice provides a level playing field for the 543,000 owners that launch every month. As businesses grow and engage within Alice's AI-based ecosystem, the platform's technology deeply understands the business owners' requirements and matches them with the opportunities to scale, based on their stage of growth, location, and industry.

Alice, a multichannel AI-driven platform, helps small businesses launch and grow. The company contributes to building the largest network of business owners in the country while tracing data and trends to increase the success rate for entrepreneurs. The company's partners include enterprise business services, government agencies, and institutions that look for opportunities to help small and medium business owners by ensuring increased revenues and promoting scalability. The company's digital ecosystem provides access to business solutions universally through innovative technology. Alice's ML platform connects entrepreneurs and small business owners to curate opportunities, resources, experts, events, and communities, and help them launch and grow their companies, smoothly and smartly.