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AI agents that evaluate investment opportunities

A pilot project for RunwayFBU venture capital firm in efforts to be able find the needle in the haystack.

Technology stack

  • AWS
  • OpenAI

Highlights

  • AI evaluation agent
  • Researcher agent
  • Prompt engineering
  • Training and calibration

Services provided

  • Strategy
  • Engineering

Industry

  • Software & Technology

Market focus

  • Norway

RunwayFBU

RunwayFBU is an early-stage venture capital fund and tech hub based in Oslo, Norway, dedicated to supporting ambitious entrepreneurs in building software-driven technology companies. With a founder-friendly approach, they manage a $30 million fund, offering investments ranging from $100,000 to $3 million.

Visit runwayfbu.com

About the project

RunwayFBU evaluates enormous amounts of data daily. From startups sending their pitch decks to receiving newsletters with new startups being seen in various channels. In order to focus their time on the best fitting companies, they needed a way to sort through the noise and find the startups that closely match their needs.

Client Challenges

With Artificial Intelligence growing fast, they wanted to jump on the train and take leverage of the capable models and implement a solution that solves their pain points. The main challenges in this project included:

  1. Create a data researcher AI agent crawls the internet about the founders, gets financial data from various APIs and collects other critical information
  2. Create an AI evaluator agent that scores startups based on custom metrics and what RunwayFBU are looking for in startups with a high confidence rate
  3. Launch the prototype so it is easily adopted by their evaluations team

The role of Magebit
Where digital magic comes to life

Magebit has been innovating with AI since 2016. In this project we were tasked to build a functioning AI agent system that drastically reduces the need of manual human labor so evaluation team can focus on startups that are closely matching what RunwayFBU is looking for. Our responsibilities included:

  • Agentic workflow planning
    Full strategy and AI-communication mapping of how AI agents will interact with each other as well as how they will interact with humans.
  • AI design and development
    Flows, data retrieval, evaluation and complete implementation of the project.
  • Model training and calibration
    To ensure the results are actionable and highly accurate, we trained and calibrated the AI agents to get meaningful results.
  • Prompt engineering
    As with any AI project, prompts, system messages and context are critical.
HOMEPAGE

Results we delivered

The figures speak volumes about how Magebit's work has contributed to the remarkable success of our customers, guaranteeing sustained business expansion.

Return of ad spend
+ 25%
Total sales
+ 41%
New organic users
+ 48%

You are just a message away from success

  1. 1

    We get to know your business needs

    Together, we'll dive into your goals, challenges, and opportunities to craft a clear digital vision tailored to your needs.

  2. 2

    Initial strategic expertise

    We'll help you overcome immediate roadblocks and share our experience with you, for free.

  3. 3

    Kick-off offer

    Receive a tailored proposal that tackles your business needs and sets you up for continued long-term success.

Begin your journey to success
Manish Keshwani smiling
Five star rating

Magebit provided us with an innovative solution!

Manish Keshwani

Head of Business Development

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Dennis Wilms photo
Five star rating

Magebit has been our development partner for many years it's been great!

Dennis Wilms

Chief Executive Officer

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