This startup is the second entrepreneurial venture of Alek Kelleher. He also founded Cognitive Match, which was acquired by Magnetic in 2014. "The entire consulting industry is about to collapse because it relies on people's time and lacks automation," Kelleher told TechCrunch. "We will bring heavy engineering to this space. The number of CEOs of these $300 million companies who don't know where to start is huge. They can't afford the Deloittes of the world. That's where we come in. They want someone to come in and automate the company and make it possible," he said.
Terry Graunke, chairman and CEO of Erie Street Growth Partners, emphasized some of the positive aspects of the company they have invested in. "The Quantum Rise team uniquely understands how to apply data, automation, and artificial intelligence to enhance human intelligence and drive growth," he highlighted.
Business Opportunity
Quantum wants to capture a share of a very lucrative market. AI-driven automation presents significant opportunities, with consulting giant BCG expecting to generate 40% of its revenue in 2026 by helping organizations integrate AI. Additionally, IBM has secured more than $1 billion in sales commitments related to generative AI, as TechCrunch notes.