Merlin
On-demand creative marketing platform for businesses and teams.
| Date | Investors | Amount | Round |
|---|---|---|---|
$500k | Seed | ||
| Total Funding | 000k | ||
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Merlin AI, operated by Foyer Tech Inc., positions itself as an operational management software provider with a core focus on delivering a comprehensive AI stack. The company was established in 2022 by Pratyush Rai, Siddhartha Saxena, and Sirsendu Sarkar, who were friends from their time at IIT Kanpur in India. Prior to co-founding Merlin, CEO Pratyush Rai worked at Boston Consulting Group (BCG). The initial idea for the company evolved from a previous venture focused on engineering productivity, which did not gain significant traction.
The company's primary offering is an all-in-one AI browser extension that integrates with platforms like Chrome and Edge. This tool is designed to assist users with a variety of tasks without needing to switch between different applications. Key functionalities include summarizing content from websites and YouTube videos, generating written content for social media and emails, and providing AI-powered chat capabilities that can interact with webpages and PDFs. The extension provides access to a range of prominent AI models, including OpenAI's GPT series, Anthropic's Claude, and Meta's Llama 2. This flexibility allows users to select the most suitable model for their specific task. The product can be activated with a keyboard shortcut (Cmd/Ctrl+M), launching a floating command bar for immediate use on any website.
Merlin AI targets both individual consumers (B2C) and business clients (B2B). Its business model appears to be freemium, offering a certain number of free queries daily, with Pro plans available for users requiring unlimited access. The company has reported reaching over one million users. Financially, Merlin AI is backed by venture capital, having raised funds from investors such as Google for Startups, Better Capital, and Dharmesh Shah, the co-founder of HubSpot. Reports on the total funding raised vary, with figures cited at $7 million and $8.36 million.
Keywords: AI assistant, browser extension, productivity tool, content summarization, content generation, ChatGPT integration, Claude AI, Llama 2, Foyer Tech Inc., Pratyush Rai, Siddhartha Saxena, Sirsendu Sarkar, AI-powered writing, social media assistant, email assistant, workflow automation, AI chat, PDF summarizer, YouTube summarizer, AI stack, venture capital-backed