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Lithuanian startup "Guideless" raises 1 million euros, attracting Vinted executives
๐Ÿ‡ฑ๐Ÿ‡น Lithuania /Technology

Lithuanian startup "Guideless" raises 1 million euros, attracting Vinted executives

From Delfi · () Lithuanian

Translated from Lithuanian, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Lithuanian startup "Guideless" has secured 1 million euros in funding to develop AI technology for reducing corporate training costs.
  • The investment round was led by Finnish venture capital fund "Superhero Capital" and included participation from "Vinted" executives.
  • The funds will support product development, team expansion, and international market growth, particularly in the UK, Europe, and the US.

Lithuanian tech startup "Guideless" has successfully raised 1 million euros to advance its artificial intelligence-powered platform designed to streamline and reduce the cost of creating and updating corporate training materials. The funding round was spearheaded by the Finland-based venture capital firm "Superhero Capital," with significant contributions from "Firstpick VC" and prominent private investors.

We invested in Guideless early because the product they are building not only helps to abandon monotonous manual work in creating and updating training materials for employees โ€“ the team solves problems that many companies have not yet fully identified.

โ€” Audrius MilukasSuperhero Capital partner Audrius Milukas explaining the firm's early investment in Guideless.

Among the notable investors are Thomas Plantenga, CEO of the global e-commerce platform "Vinted," Vytautas Atkoฤaitis, CEO of "Vinted Go," and "Vinted" co-founder Mantas Mikuckas. Their involvement highlights the perceived potential of "Guideless" to revolutionize how businesses handle employee training. "Superhero Capital" partner Audrius Milukas noted that the startup addresses problems many companies haven't fully recognized yet, particularly the tedious manual work involved in training material creation and updates.

The newly acquired capital will be strategically allocated to further develop the "Guideless" product, expand its team, and fuel its planned expansion into the United Kingdom, other European markets, and the United States. The company's technology utilizes AI to capture and document real-world work processes across various business software. It automatically records key steps, generates visual sequences, writes instructions, adds highlights and zoom-ins, creates text transcripts, and provides natural-sounding voiceovers, all while adhering to a company's visual identity. "Guideless" claims its platform can create and update training documentation up to 10 times faster than traditional methods.

Artificial intelligence has opened up the possibility for Guideless to become a kind of intellectual layer of a company's work processes, from which employees, customers, partners, and AI agents will be trained.

โ€” Evaldas BieliลซnasGuideless CEO and co-founder Evaldas Bieliลซnas describing the potential of the AI platform.

"Guideless" co-founder and CEO Evaldas Bieliลซnas envisions the platform becoming an "intellectual layer" for a company's work processes, enabling training for employees, clients, partners, and even AI agents. "Vinted" CEO Thomas Plantenga confirmed the platform's effectiveness, stating that "Vinted" was an early adopter and experienced increased productivity, reducing the weeks previously needed for instruction updates after software changes to a much quicker process with minimal manual effort.

Vinted was one of the first companies to start using the platform's services. Vinted was one of the first companies to start using the platform, and since then it has helped us increase productivity. Previously, after software updates, rewriting instructions manually took weeks, but now we can perform the same updates quickly and with minimal manual work.

โ€” Thomas PlantengaThomas Plantenga, CEO of Vinted, detailing the platform's impact on his company's productivity.
DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.