Israeli startup theGist raises $7 million to increase workplace productivity using ge
Israeli startup theGist raised $7 million pre-seed funding. The round was led by Aleph and StageOne Ventures. Itay dressler, Itzik ben-bassat and Nir Zhar founded the company in 2022. They are developing smart AI and machine-learning tools to improve employee experience.
The company employs 10 people, and has offices in Tel Aviv. Ben-Bassat (CEO) was previously involved in founding and growing companies of the likes of Blizzard, OpenWeb and Wix, Dressler (CTO) is the former VP of Engineering at OpenWeb, Co-founder and CTO at Salaryo, and VP R&D at Gong, while Zohar is the COO and President of Wix.
Information overload has become a major problem at work due to the increasing number of vertical services and tools. Many apps allow for fragmented conversations. Sifting through information for important points becomes akin to searching for a needle in the haystack, especially when one doesn’t know exactly what they are searching for. The result is a lackluster alignment due to excessive information, poor information quality, and unrelated information that is clogging multiple channels.
Using generative AI technology, theGist’s first solution, theGist for Slack, creates alignment by scanning through hundreds of posts to instantly provide personalized summaries of valuable insights and highlights. The solution, which is the start of the company’s greater vision, facilitates a more precise reading experience for team members, by removing the bombardment that is brought on by excess interactions. TheGist provides summaries that help team members to understand the information they need to make timely decisions. This in turn positively impacts productivity and performance.
“Imagine reading a summary you wrote for yourself. theGist makes it effortless to grasp the essence of work-related data, by making it short and personalized with just one click,” said Itay Dressler, Co-Founder and CTO of theGist. “The workforce is in the midst of many changes, and communication is at the forefront.”