RCS - CYKEL AI PLC - AI Agents for Next-Generation Business Automation

Cykel AIAnnouncement

30/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240930:nRSd1197Ga&default-theme=true

RNS Number : 1197G  CYKEL AI PLC  30 September 2024

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
(http://www.cykel.ai/)

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUWUNRSNUKURR