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Investing.com -- Fyxer AI, a UK-based company specializing in productivity tools, has secured $10 million in funding, according to Bloomberg News. The investment round was led by 20VC, a venture capital firm managed by Harry Stebbings.
The funding round also saw contributions from prominent tech figures. Among these were Marc Benioff, CEO of Salesforce (NYSE:CRM) Inc., and Marcelo Claure, former COO of SoftBank (TYO:9984) Group Corp. Other notable investors included David Singleton, former chief technology officer of Stripe Inc., Lenny Ratchinsky, a former executive at Airbnb Inc (NASDAQ:ABNB)., and Nico Rosberg, a Formula One champion.
Fyxer’s technology is designed to enhance productivity by integrating into email applications like Outlook and Gmail. The AI-powered tools assist users in drafting replies, organizing inboxes, and generating meeting notes. Among Fyxer’s clientele are major corporations such as AT&T Inc (NYSE:T)., TikTok, Starbucks Corp (NASDAQ:SBUX)., and Siemens AG (OTC:SIEGY).
This latest funding round has pushed Fyxer’s valuation to approximately $60 million, as per a source familiar with the matter Bloomberg cited. The capital raised will be used to further develop Fyxer’s technology and expand its reach in the productivity tools market.
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