Chapter One Invests In Ragie
We at Chapter One are so excited to announce our investment in Ragie’s Seed round alongside Craft Ventures, Valor, and Saga!
Bob Remeika and Mohammed Rafiq, the co-founders, are exceptional, and among the fastest builders we’ve seen in the AI space.
To share some thoughts on the investment –
Almost every company and developer is now integrating AI into their strategies and tech stacks. As AI applications scale, so does their complexity.
This is where Ragie comes in: providing critical infrastructure for companies to manage and scale their AI applications fast and effectively.
Ragie offers Retrieval-Augmented Generation (RAG)-as-a-service. This means:
Simple APIs for indexing and retrieving multimodal data, including text, images, and audio.
Seamless connection and synchronization with an organization’s existing data systems, such as Google and Notion (you can securely sync all your data and have it ready to be queried with just one click!)
Streamlined developer experience that lifts the burden of managing complex integrations.
Stepping back, some quick definitions around RAG —> RAG is a methodology that combines pre-trained large language models (or “base LLMs”) with a retrieval-based framework to enhance accuracy, personalization, and contextual relevance. RAG allows LLMs to tap into any knowledge database. For example, if you want to ask your data a question (e.g., “Who are the last 10 startups we met with, and describe what those companies are building?”), your AI application can do this with RAG by retrieving relevant information from your underlying data.
RAG has become a critical part of the AI stack — and we believe Ragie will win.
Over the past year, we've been researching and monitoring the RAG space. Our conclusion was that RAG is a massive category. But success for any RAG-as-a-service startup is contingent on a team with unparalleled execution skills, experienced leadership, and a distribution edge.
Bob and Mohammed tick all those boxes –
Bob is a second-time founder in data infrastructure with 20 years of engineering experience and was the former VP of Engineering at Zenefits.
Mohammed is also a second-time founder and previously held Head of Engineering positions at Brex, Atlassian, Microsoft, and Yammer.
It’s a killer team.
Ragie’s first customer was Glue, David Sacks’ and Evan Owen’s workplace AI-chat app, which is positioned to be a “Slack-killer”.
Ragie recently came out of beta. For any developers or companies interested in learning more — sign up through their website, or feel free to reach out to us or their team for support!
We could write another ten pages about how excited we are and the internal applications we’ve shipped using their infrastructure, but we’ll save that for another post (spoiler: we built an entire company search engine in one day using Ragie).
Congrats Bob and Mohammed on the raise!! We’re thrilled to partner with you.