By Riley Kaminer
You could say that Nicholas Mohnacky was working on AI before it was cool.
Years ago, while building a marketing agency focused on adventure travel, Mohnacky became obsessed with the idea of how to make sense of all the info people can find online and elsewhere. “It’s completely overwhelming,” Mohnacky told Refresh Miami. “People are walking around uninformed.”
Mohnacky painted a picture of how people traditionally find information: a search-and-gather process that includes an inevitable litany of files saved to your desktop. “There had to be a better way,” said Mohnacky.
So he started to build that better way through a startup that would eventually come to be known as West Palm Beach-based bundleIQ. Mohnacky called this a “knowledge assistant.” Much like a real-life research assistant, bundleIQ’s AI-powered assistant ALANI wades in the deep depths of the piles of files you send it. A user can ask ALANI about a certain problem they are looking to solve, and in response get shown where exactly to find the information they’re looking for in their own files.
This stands in stark contrast to a tool like ChatGPT, which is pulling data from other sources. Yet the bundleIQ team actually has been leveraging the backend system from OpenAI for years. “We were one of the first companies, in 2021, that was live with a product that was matchmaking and helping people surface relevant insights from their data using the GPT.”
The ultimate goal: “Engineer eureka moments,” said Mohnacky. “That’s those unexpected moments of inspiration and serendipity where you’re like, ‘shoot, I would have never seen it this way or thought about this or made that correlation if I wasn’t using an AI knowledge assistant.’”
bundleIQ currently has 5,000 active users, and Mohnacky reports that the company now has upwards of 900 signing up monthly. The company has a forever free plan where users can upload 1,000 pages of information and get 10 prompts a month. Individual plans cost $40 a month, while team plans begin at $250 per month for five contributors.
Mohnacky has recently onboarded a technical co-founder and CTO, Andres Espinosa, and opened a new office at Office Logic in Downtown Miami. bundleIQ has also raised a pre-seed round. While the size of the round has not been disclosed, Mohnacky shared that part of the fundraise came from the Florida Opportunity Fund. “That’s a real viable path for startups from Florida to raise from,” he added.
Mohnacky, who is chairman of West Palm Beach innovation hub 1909, shared that the organization is moving to a new space that is twice as big as its previous location (exact details are yet to be made public). 1909 is also beginning to share its IP and help open new branches in other places such as Texarkana, Texas.
“Palm Beach has been the steady force that has been building,” Mohnacky said of our northern neighbor’s tech ecosystem.
As for the future of bundleIQ, Mohnacky is excited to keep building. “In the near term, we plan to scale more into the enterprise business.” Long-term, Mohnacky hopes bundleIQ can help re-index the internet and become a knowledge base for all types of content.
READ MORE ON REFRESH MIAMI:
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