Founded by early Robinhood and Superhuman product managers, Lassie is working on autonomous systems that handle the busywork

Currently operating in 700+ small businesses across 49 states, providing business owners with over 250,000 hours of labor each year

SAN FRANCISCO, Calif.: Lassie, the company building autonomous systems to run small businesses, announced it has raised $35 million in Series A financing, bringing its total capital raised to $47 million. The round was led by Andreessen Horowitz (a16z) with support from Night Capital, Rahul Vohra, founder and former CEO of Superhuman; Zach Perret, co-founder and CEO of Plaid; Taavet Hinrikus, co-founder and former CEO of Wise; Gokul Rajaram; and Brian Balfour, co-founder and CEO of Reforge.

AI can do a lot today. It writes software, passes bar exams, and generates realistic videos from simple prompts. But it can do so much more. It can help millions of small business owners by handling their busywork. Up until now, software has not removed this painstaking administrative work and has merely rearranged it. For the first time, software can interpret messy context, move across the endless systems that small businesses have, and do that work for an owner.

Nowhere is this more apparent than in doctors’ offices, the largest type of small businesses behind retail and food and beverage. A typical practice loses 100+ hours a month to administrative work and spends roughly $200,000 a year on staff that owners can barely find, let alone keep.

Today, Lassie’s agent goes into a practice's insurance portals, pulls reimbursements, reconciles them against records, updates the system-of-record, and verifies the funds in the bank. Operating in more than 700 practices across 49 states, Lassie currently provides businesses owners with over 250,000 hours of labor each year.

"Small business owners should be freed up from doing busywork, so they can focus on what they are passionate about," said Steijn Pelle, CEO and co-founder of Lassie. "After watching 700 businesses rely on Lassie to do a big part of their administration, I am convinced that the future is bright. They now use the time we save them to grow the business and spend more time with customers. And we are just getting started!”

“I am thrilled to partner with Steijn, Frédéric, and the team as they build towards one of the most important shifts in software: from tools that help businesses operate to agents that do the work,” said Alex Rampell, co-founder of Affirm and General Partner at a16z. “We think businesses will soon run themselves and Lassie is the perfect example that this is not a pipe dream. They are already making this a reality, providing many businesses with tens of hours of labor each month, and allowing business owners to focus on what they love doing, not busywork.”

“Before Lassie, I was drowning in paperwork where insurance companies would send me payments and I’d have to spend hours after seeing patients to manually enter hundreds of patients and thousands of procedure codes,” said Dr. Eric Kwon, founder of Grace Dental. “Now, Lassie saves us over 100 hours a month and payments that used to take four to five weeks hit our account in less than a week. Most importantly, Lassie has given me time back to focus on my patients, grow my practice, and spend time with my family.”

To accelerate Lassie’s growth and adoption, the company announced Alex Rampell, co-founder of Affirm and general partner of Andreessen Horowitz, will be joining Lassie’s Board of Directors. In addition, Dr. Ed Zuckerberg and Jason Warnick, former chief financial officer of Robinhood, will be joining the company as advisors.

To learn more about Lassie visit lassie.ai.

About Lassie

Lassie helps small businesses run themselves. By pushing the boundaries of autonomous systems, it handles the busywork for business owners. First, doctor’s offices.

Lassie was founded by Steijn Pelle, an early product manager at Robinhood and Coinbase, and Frédéric Renken, the first product hire of Superhuman. It is backed by Andreessen Horowitz, SV Angel, Homebrew, Go Global Ventures, Night Capital, and more. The company currently serves 700+ small businesses, providing owners with over 250,000 hours of labor each year.

Fonte: Business Wire