30 September 2024
Cykel AI PLC
("Cykel AI" or the "Company")
Cykel AI Announces Development of AI
Agents for Next-Generation Business Automation
AI-powered digital workers
aimed at transforming workplace efficiency and
productivity
Cykel AI PLC (LSE: CYK), a leader in
AI-powered business automation, today announced its plans to
develop an AI agent platform, marking a significant step forward in
the Company's mission to create an intelligent automation layer for
digital work.
Key
Highlights:
● Cykel is
developing AI agents, capable of autonomously executing complex
workflows
● Builds upon
Cykel's extensive experience in AI automation
● Designed to
reduce time spent on digital tasks and drive positive
ROI
● Enhances Cykel's
existing suite of AI automation tools
● Addresses rapidly
growing global demand for AI solutions
● Expands on
existing partnerships across diverse industries
AI agents are digital workers designed
to autonomously execute workflows traditionally performed by
employees, unbundling complex tasks into manageable components and
delivering tangible work outputs. AI agents promise to
significantly reduce time spent on digital tasks, and enable
businesses to operate at unprecedented scale and speed using teams
of digital workers alongside their human employees.
The announcement comes at a time of
accelerating growth in the global AI technology market, driven by
increasing adoption across various sectors, from healthcare and
finance to manufacturing and retail. The rapid expansion
underscores the growing worldwide demand for AI-driven solutions
and highlights the significant opportunity for products like
Cykel's AI agents.
Cykel's AI automation platform is
currently being used by numerous businesses across a range of
industries, from HR and talent management to legal services,
electric vehicle manufacturing, fintech, and insurance. Powered by
AI and built for enterprise, Cykel's solutions demonstrate that AI
automation is not limited to any single sector, but rather offers
enormous potential for businesses across the economic spectrum. The
introduction of AI agents is set to further expand Cykel's capacity
to serve these and additional industries, providing tailored
solutions for each sector's unique challenges.
Ewan Collinge,
Co-Founder of Cykel AI, commented: "The introduction of AI agents
to the Cykel platform is the logical next step in Cykel's journey
to unlock human productivity at scale. By automating complex
digital workflows, we're enabling teams to focus on strategic and
creative work that truly drives business value. With the global AI
market experiencing exponential growth and by leveraging our
existing partnerships, we're uniquely positioned to unlock the
potential of AI agent technology for a broad range of
businesses."
The development of AI agents builds
upon Cykel's extensive experience in designing systems that expand
the functionality, reliability, and application of AI automation.
This initiative leverages the company's deep expertise in creating
practical, scalable solutions for businesses across various
sectors.
Jonathan Bixby, Co-Founder of Cykel
AI, added: "Our vision for AI agents aims to redefine how
businesses approach automation. By offering autonomous digital
workers capable of handling complex tasks, we're providing
organisations with unprecedented opportunities to streamline
operations and boost productivity. Our success in industries
ranging from HR to electric vehicles proves that AI automation is
not just a niche solution, but a versatile tool with applications
in every sector. As the global AI market continues its rapid
expansion, Cykel is well-positioned to capitalise on this growth
and deliver significant value to our clients and shareholders
across all industries."
Cykel AI's leadership team brings a
wealth of experience in technology, entrepreneurship and
AI:
● Ewan Collinge has
10 years experience building companies, deep expertise in product
design and has generated over £150m in enterprise value across
multiple successful ventures.
● Jonathan Bixby is
a serial entrepreneur that has raised over $650M USD in venture
capital and created over $3B USD in market capitalization,
including co-founding KOHO Financial and Argo Blockchain
(LSE/NASDAQ).
The development of AI agents
represents Cykel AI's ongoing commitment to responsible innovation
in the AI automation space, providing businesses with cutting-edge
tools to enhance productivity, reduce repetitive tasks, and drive
efficiency across all sectors.
About
Cykel AI
Cykel is an AI product and research
company dedicated to simplifying repetitive tasks through
automation solutions. The company builds systems designed to expand
the functionality, reliability, and application of AI automation,
with the goal of creating an automation layer for the
internet.
Contact
For more information about Cykel AI, please visit
www.cykel.ai