Y Combinator alum Nowadays, founded by sisters, raises $2M to automate event planning

Date:

Share post:


Not even the people inventing AI always know what it’s good for besides writing emails. But there are seed-stage companies, like Y Combinator grad and 2024 Disrupt Battlefield participant Nowadays, that are doing something mind-blowingly useful with AI.

Nowadays uses LLM AI to automatically plan large, expensive events. Using its own database of 400,000 global venues and a proprietary model based on a combination of OpenAI, Anthropic, and its own coding, Nowadays emails venues, caterers, and the like to gather bids. It will even make phone calls to nudge a response to unanswered emails. It then organizes the information and presents it to the event planner, who can make decisions and sign contracts.

The company was founded in 2023 by sisters Anna Sun, CEO, and Amy Yan, COO, and has since been used to book over $4 million worth of events, including for tech companies like Google, Amazon, Notion, and Supabase, Sun tells TechCrunch.

The idea came about after Sun graduated from MIT. Her older sister, Yan, was working at Google some years after graduating from Johns Hopkins. Eight years apart, both of them served as class presidents for their universities, each organizing many large events. 

Sun recalls spending hours “calling ice cream trucks to get quotes” or the time she had to personally pick up 2,000 McDonald’s McNuggets because there wasn’t a way to arrange a bulk delivery and wishing there was an easier way.

Sun knew she wanted to found a startup to address this, and once the startup was admitted into YC in the summer of 2023, she talked her sister into quitting her Google job to help her. 

“We got our acceptance letter the day before my graduation, and then within that day, Amy put in her two weeks’ notice at Google,” she recalled.

Nowadays is aimed at events with budgets of over $20,000 and its fees are based on budget, charging 5% of what it sources. Alternatively, event planners can sign up for an annual subscription. While it’s most often used for corporate events, it has been used to plan a wedding and a 50th anniversary, Sun said.

Anyone interested in using Nowadays begins by filling out an intake form to describe the event, location, budget, and any specific needs.

“Some people are like, oh, I want meeting spaces that have high ceilings, because we have tall team members. So it can be very creative,” she describes. 

Since it launched, Nowadays has been spreading mainly by word of mouth through its early users, who are mostly corporate event planners. One of them introduced Nowadays to a VC, who promptly invested $300,000. Then the customer wrote a check as well, Sun said.

Nowadays just raised a $2 million party seed round (meaning no lead investor) from VCs, including Y Combinator, Basis Set Ventures, Hike VC, VentureUs, Underdog Labs, Decacorn Capital, SBXi,  E14, and dozens of other angels.

The startup joins an increasingly crowded field. Established players like Cvent and Eventbrite are adding AI tools to their offerings, for instance. And Partiful, the New York-based event-planning app, has been named Google’s app of the year.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Republican Congressman Jim Jordan asks Big Tech if Biden tried to censor AI

On Thursday, House Judiciary Chair Jim Jordan (R-OH) sent letters to 16 American technology firms, including Google...

Profitable Klarna files for a potentially blockbuster IPO

Swedish fintech Klarna took the next step in its highly anticipated U.S. IPO on Friday when it...

Google is replacing Google Assistant with Gemini

Google will replace Google Assistant on Android phones with Gemini later this year, the company announced on...

Testing the Uber-Waymo robotaxi, Rivian goes hands-free, and Travis Kalanick has AV FOMO 

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of...

Tern AI’s low-cost GPS alternative actually works

We’ve all experienced that moment of frustration when the GPS glitches and you miss an exit on...

China is reportedly keeping DeepSeek under close watch

China appears to think homegrown AI startup DeepSeek could become a notable tech success story for the...

iPhone and Android users will soon be able to send encrypted RCS messages to each other

Text messages sent between iPhones and Android devices will soon benefit from end-to-end encryption (E2EE), after the...

Developer of Lockbit ransomware gets extradited to the United States

Rostislav Panev, a 51-year-old dual Russian-Israeli national, who is accused of being a key developer for the...