By: Maria Williams
AI hallucinations, where algorithms generate misleading or wholly fabricated information, have long been a thorn in the side of data-driven decision-making. Beyond being a nuisance, this phenomenon presents a serious barrier that can skew outcomes, mislead business strategies, and even jeopardize trust in data analytics. This is especially true in industries like finance and retail, where errors can lead to costly mistakes and lost opportunities. Crunchit.ai, a pioneering AI startup steered by Vikram Aditya and Apoorv Nandan, aims to sweep away these misrepresentations with its cutting-edge technology.
Harnessing a proprietary library of AI functions, Crunchit.ai is designed to decode complex data into clear, actionable insights without the risk of hallucinations. A unique metric layer translates raw data into understandable business terms, ensuring that data is not only available but also accurate, relevant, and trustworthy.
“Often, analysis needs to use multiple functions,” Vikram Aditya, the co-founder and CEO of Crunchit.ai, explains. “Sometimes new functions need to be created on the fly, sometimes a particular model needs to be used for advanced stuff, and sometimes, sensitive data needs to be processed locally without being sent to the servers. Our AI was able to handle all these scenarios and critique its own outputs under the hood, followed by a sequential series of steps so that end users could get reliable answers.” This self-auditing mechanism ensures that outputs are accurate up to 95% of the time and closely aligned with real-world business needs.
The startup’s ability to navigate complex datasets with high accuracy has not gone unnoticed. Crunchit.ai founders attracted one of the largest pre-seed funding rounds for a tech startup, amounting to $5 million. The company’s vision and the founder’s capabilities influenced the substantial investment. Crunchit.ai’s pilot projects for major publicly listed companies valued at over $200 billion across diverse sectors such as energy, automotive, retail, and e-commerce are a testament to that.
Beyond financial support, Crunchit.ai’s technological innovation has sparked interest because of its potential to reshape industries. By enabling companies to operate with hallucination-free AI, Crunchit.ai is paving the way for a future where business leaders can rely on rapid, data-driven decisions without second-guessing the accuracy of their AI tools.
Today, if there is an issue within the business, the executives go into a meeting room to discuss who needs to make a deck around what. Then, they regroup, review, and make decisions if all goes well. Within this system, new questions may arise.
Reflecting on the world of dashboards, the company believes it hasn’t changed for over 10-14 years since keyword-based search was last introduced. The team believes this should change. With LLMs, AI cannot only complete advanced analytics that would be feasible with a team of expert data scientists and analysts, but it can also automate actions. “We believe we’re headed to a future where, when something goes wrong,” the company states, “the AI not only does a root cause analysis but also prepares a list of tasks that the executives can just meet and approve.”
Looking ahead, the company aims to expand its footprint across Fortune 500 companies and high-growth startups, advocating for a data-first, AI-driven approach to business strategy. Aditya envisions a world where Crunchit.ai sets the new baseline for strategic decision-making, empowering businesses to harness the full potential of their data without fear of AI misinterpretation.
As AI continues to evolve, Crunchit.ai is actively working on enhancing its library of functions and adapting to new challenges in the AI landscape. The firm believes in the continuous evolution of its technology to better serve industries that have traditionally been slow to adopt advanced AI solutions. This forward-thinking approach is about maintaining relevance in the fast-paced world of technology and leading the charge toward a smarter, more reliable future.
With a clear vision and robust technology, Crunchit.ai is on a fast track to redefine business analytics. Its mission to eradicate AI hallucinations from data-driven processes is not just an ambitious goal, it’s a forthcoming reality. As the boundaries of what AI can achieve expand, Crunchit.ai remains at the forefront, ensuring businesses can leverage the most advanced tools to secure their competitive edge in an increasingly data-centric world.
This startup is not only overcoming AI hallucinations but also setting the stage for the next revolution in enterprise analytics.
Published by: Martin De Juan
