#United States #AI #San Francisco #Automation #Poetic

Poetic Secures $50 Million in Series A Funding for Advanced AI Automation

Today marks a significant milestone for Poetic, the innovative company previously known as Forge, which has raised an impressive $50 million in a Series A funding round. This funding, led by Kleiner Perkins, values the company at $500 million. Joining Kleiner Perkins in this venture, notable investors such as Founders Fund, First Harmonic, and OpenAI are also contributing to Poetic's mission to transform the way complex enterprises operate by automating their intricate processes with a proven AI-driven approach.

Enterprise processes across critical sectors, including healthcare, finance, and insurance, have largely been stuck in outdated methodologies that rely heavily on manual operations. While traditional software has improved efficiency on some fronts, it has often fallen short in fully automating dynamic and complicated tasks that are intrinsic to these industries. The promise of generative AI has been talked about for years; however, its contributions to real, mission-critical tasks have not been substantial, leaving significant gaps in operational efficiency.

Unlike typical AI systems that can struggle with high-stakes tasks, Poetic's pioneering software adopts a unique methodology. It offers operators a purpose-built programming language that allows them to articulate intricate workflows using natural language, which is then translated into deterministic execution. This method results in an astounding accuracy rate of 99% in the automation of processes that have historically resisted technological advancement, all while significantly lowering costs compared to conventional AI solutions.

Markie Wagner, the CEO and Founder of Poetic, expressed the company’s vision: "The current AI landscape focuses too much on superficial demonstrations rather than tangible outcomes. We are dedicated to creating software that learns like AI yet operates with the reliability of traditional code, ensuring that the most challenging tasks in businesses are completed with a high level of dependability. This will facilitate rapid evolution and scalability that companies previously deemed impossible."

Poetic’s technology is already in use at some of the largest financial institutions globally, delivering substantial savings by automating their most challenging operations. By seamlessly managing complex tasks like transaction monitoring and dispute investigations, Poetic has demonstrated its capability to generate significant cost-efficiencies for Fortune 500 companies. Notably, the company achieved an eight-figure annual run rate in 2025 with a mere four-person team.

A case in point includes Poetic's collaboration with SoFi, a prominent public bank in the U.S., where it achieved above 99% quality in executing end-to-end fraud investigations within just five weeks. Similarly, in partnership with AIG, one of the largest insurance providers, Poetic demonstrated over 99% accuracy in executing complex processes that once demanded intensive manual effort.

Anthony Noto, CEO of SoFi, commended Poetic for efficiently processing many of their fraud operations. This not only enhanced quality metrics but also significantly improved customer engagement, allowing immediate member access during fraud investigations instead of weeks of waiting. Such implementations have reinforced Poetic’s ability to maintain 100% adherence to processes, even amid complex compliance requirements.

Leigh Marie Braswell, a partner at Kleiner Perkins, also highlighted the uniqueness of Poetic's platform, stating, "Markie is a visionary in AI, and what Poetic has developed stands out. Their platform is adept at executing complicated processes that require precision, often exceeding the capabilities of human teams. Achievements in automating tasks for the largest companies with stringent expectations showcase the product's robustness, backed by an elite team comprising veterans from Palantir, UiPath, and other leading technology firms."

With the new financial backing, Poetic aims to bolster its deployment teams, venture into additional complex industries, and extend its platform's reach to more of the largest enterprises worldwide. Markie Wagner concluded, "The landscape of enterprise AI is replete with pilot programs that did not transition to production. We take pride in our 100% conversion rate from pilot to full deployment. Our technology is effective, and we hire only the best talent. We are committed not to pilot programs but to revamping business operations."

As Poetic gears up for this exciting chapter, its innovative approach to automating enterprise processes signifies a substantial leap forward for businesses aiming to integrate technology with reliability and efficiency. The future of enterprise automation seems more promising than ever with Poetic leading the charge into this new frontier.