Nexus Venture Partners led the round, with participation from First Round Capital and Y Combinator. In a release, Gumloop said it “didn’t need the money,” but plans to use it to attract top talent and build its products “with no external distractions.” Gumloop is planning to relocate to San Francisco, becoming the latest company to leave Canada. (The Logic)
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Nexus Venture Partners led the round, with participation from First Round Capital and Y Combinator. In a release, Gumloop said it “didn’t need the money,” but plans to use it to attract top talent and build its products “with no external distractions.” Gumloop is planning to relocate to San Francisco, becoming the latest company to leave Canada. (The Logic)
Talking point: McGill University classmates Max Brodeur-Urbas and Rahul Behal founded Gumloop, formerly known as AgentHub, in 2023. The company uses AI to automate tasks like processing email invoices, reaching out to potential job candidates on LinkedIn and researching competitors’ advertising strategies without requiring the user to code. The fundraise comes just six months after Gumloop’s US$3.1 million seed round in July. The company aims to grow to a US$1 billion valuation and a team of 10 employees.
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