Poetic Raises $50 Million in Series A Funding
Poetic, a company specializing in AI-driven automation solutions, has successfully raised $50 million in a Series A funding round. This investment was spearheaded by Kleiner Perkins, with additional participation from Founders Fund, First Harmonic, and OpenAI. The funding was announced on June 10, 2026.
Founded by Markie Wagner, who also serves as the CEO, Poetic is known for its innovative approach to automating complex, end-to-end enterprise processes. The company leverages AI that adheres to user-defined rules, expanding the capabilities of automation beyond traditional methods. This approach is particularly effective in handling high-stakes business processes that have previously been challenging to automate.
Strategic Use of Funds
The newly acquired capital will be directed towards several key areas. Poetic plans to enhance its forward-deployed teams, enabling the company to cater to a broader range of industries with dynamic and intricate workflows. The funding will also support the expansion of Poetic's platform, aiming to reach more of the world’s largest enterprises.
Additionally, Poetic intends to capitalize on its current success in the financial services sector by exploring opportunities in other industries. The company has demonstrated significant efficacy in automating processes such as transaction monitoring and dispute investigations, achieving over 99% accuracy and generating substantial savings for its clients.
Growth and Impact
Poetic has already made notable strides in the financial services industry, working with major organizations to streamline operations and reduce costs. For instance, the company reported achieving more than 99% quality in fraud investigations at SoFi within a mere five weeks. Similarly, at AIG, Poetic's platform reached over 99% accuracy in automating a complex process that previously demanded extensive manual effort.
CEO Markie Wagner highlighted the focus on tangible outcomes over superficial AI features, stating, "Right now in AI, there’s too much attention on quick demos and shiny objects, and not enough on outcomes. We built a new kind of software that learns like AI but runs like code, so the hardest work in your business finally gets done reliably."
Future Expansion Plans
With a 100% conversion rate from pilot projects to production deployments, Poetic is poised to scale its operations and introduce its solutions to new markets. The company aims to leverage its proven technology to drive efficiency and innovation across a variety of sectors, further solidifying its position as a leader in AI-driven enterprise automation.
As Poetic continues to grow, the backing from prominent investors such as Kleiner Perkins and OpenAI is expected to play a pivotal role in its journey towards transforming enterprise automation.