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GlobalWonks Relaunches As Inquire AI After $ 5.5 Million Round – TechCrunch

With a further infusion of $ 5.5 million in Series A funding, GlobalWonks became Inquire AI on Tuesday.

The Washington, DC-based company leverages artificial intelligence in a tool that enables businesses to find global subject matter expertise in real time, from internal and external resources.

Uzabase led the oversubscribed funding round and was joined by Teneo Ventures, Blu Ventures and a group of angel investors. This gives the company $ 6.1 million in total funding to date.

Inquire, then known as GlobalWonks, was started in 2018 by Bilal Baloch, Cenk Sidar and Fatih Orhan after realizing that professionals are untapped resources.

“To understand the regulatory environment in Kenya or public health in Indonesia, you need to know how to get this information,” COO Baloch told TechCrunch. “You could go to an expensive company that relied on an expert who was not in the field or the information was not fresh. “

Instead, its Network Pulse technology exploits these “wonks” through a question-based tool where someone asks a question and receives small answers in real time from over 40,000 potential experts based on beacon-based data. ‘expertise.

By providing short answers, it allows experts to take minutes rather than hours and generate additional revenue stream for their expertise. People asking questions can also schedule extra time with experts to dig deeper into a topic.

The name change to “Inquire” means the company is moving beyond “wonks” to new capabilities, such as through API integrations into adjacent SaaS platforms, so that company employees can tap into the minds and ideas of their colleagues, Baloch said.

He estimates the market for expert networks to be $ 1 billion, and with these new capabilities and name change, Inquire can enter the market research market, which is expected to be valued at $ 73 billion in 2020. Indeed, other businesses in this space are attracting businesses. capital too. Last week, NewtonX raised $ 32 million for its tool to democratize access to high-quality data and research, while Wonder strengthens a subject-based research team.

By continuing to fund Series A, the company aims to diversify its portfolio of knowledge technology offerings and will deploy the new capital in team expansion, marketing and deployment of new API partnerships.

Inquire works with 50 companies around the world and through them 300 clients. Over the past 12 months, the company’s revenue has grown 300% and the customer network has grown 207%.

“They are really reinventing the way we receive and give our expertise through technology and we are happy to invest in a company that has the best interests of all parties in mind,” said Yusuke Umeda, co-founder from Uzabase, in a written statement. “It gives significant value to the research, resources and application of this data to make important day-to-day decisions. “

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