Pine, an AI agent designed to manage consumers’ digital tasks, has secured $25 million in Series A funding. The investment round was led by Fortwest Capital, positioning the company to advance its autonomous digital agent technology.
The financing will enable Pine to further develop its “ask-and-it’s-done” AI, which is engineered to complete real-world tasks by making calls, handling emails, and operating software on behalf of users. According to Stanley Wei, Pine CEO, the platform aims to save consumers time and mitigate frustrations associated with routine digital chores.
Pine addresses common consumer challenges such as lengthy hold times and inefficient customer service interactions. The platform offers solutions for negotiating better rates with service providers, canceling subscriptions, filing complaints, obtaining refunds for unsatisfactory experiences or unauthorized charges, and managing personal communications including meetings and appointments.
Demonstrating a 93% negotiation success rate, Pine has reportedly saved consumers over $3 million on bills from providers such as AT&T, Charter, Cox, DISH, T-Mobile, and Verizon. Users of the platform save an average of 270 minutes on digital tasks.
Deedy Das, a tech investor and Pine customer, stated that the AI agent has saved over $1,000 by automating calls for various tasks, including finding cheaper car insurance, securing subscription discounts, negotiating home services, resolving billing issues, and managing visa-related tasks.
The Series A funds are earmarked for accelerating Pine’s agent framework to enhance learning from each task, improving reliability, and bolstering its privacy-first infrastructure. Additionally, the investment will support the expansion of Pine’s go-to-market efforts, scaling U.
S. operations, growing its channels, and broadening its range of use cases.
Ray Chua, founding partner at Fortwest Capital, commented on the investment, noting that Pine is developing a distributed memory system where agents learn from interactions and user experiences. This collective memory architecture is intended to drive continuous improvements in accuracy, speed, and reliability across the agent network.
Based in Palo Alto, California, Pine provides its AI agent with bank-level security and transparent privacy controls.
