Poetic raises $50 million

AI startup Poetic has emerged from stealth with $50 million in funding from OpenAI, Kleiner Perkins, and Founders Fund. The company is now valued at $500 million.

Founded in 2023, the startup is building a platform to automate time-consuming tasks with AI – from underwriting to financial compliance. As part of the effort, Poetic developed a programming language meant to help professionals use AI more cost-effectively. The solution allows companies to upload procedures and training materials and the system can improve based on expert feedback.

AIG is listed as a customer.