AI startup TinyFish has secured $47 million in a Series A funding round led by ICONIQ Capital to expand its AI-powered web agents. The company plans to invest in products and grow its market presence with the capital, targeting the retail and travel sectors for automated tasks like price surveillance.

TinyFish, founded in 2024, uses human-like browsing technology to automate online tasks for enterprises. The company’s focus on dynamic price monitoring in real-time sets it apart from traditional methods involving manual data entry or software scripts.

With a team of 25 in Palo Alto, TinyFish aims to revolutionize data gathering on the internet with advanced AI models. The funding provides a runway of three to four years, positioning the company in the competitive AI agent space seeking to maximize businesses’ capabilities.

Investors like ICONIQ were impressed by TinyFish’s success with early pilot customers, including Google, validating the platform’s potential for large-scale operations. The company’s goal is not just cost-saving but revenue generation for businesses by transforming the internet into actionable data.

TinyFish’s technology promises to unlock crucial data efficiently from the internet’s chaotic landscape, enabling businesses to gain a competitive edge. The AI startup’s advanced reasoning and exploration models facilitate high-speed, reliable execution for scalable operations, attracting attention from big tech players and investors.

Read more at Yahoo Finance: AI agent startup TinyFish raises $47 million in ICONIQ-led round