Workplace productivity platform Aerotime has raised $2 million in its seed funding round from Nexus Venture Partners, Y Combinator, Sequoia Capital India, and SOMA Capital.
The funding round also saw participation from Akshay Kothari (Chief Operating Officer at Notion), Nir Eyal (bestselling author of Hooked), andIndistractable, and Damien Coullon (Vice President of Product at LinkedIn).
With this funding, The Startup plans to grow and target medium to large-sized companies to optimize workplace productivity and reduce distractions.
The US and Bengaluru-based Aerotime was founded in 2021 by Piyush Narwani and Dhruv Goel, It’s a calendar that claims to solve productivity loss due to fragmented meetings and distractions, without changing anything in the user’s workflow.
“Time is one of the most valuable assets we have, yet we waste it without realizing it. Prioritization and context switching are two of the biggest reasons for this”, said, Piyush Narwani, co-founder of Aerotime.
“Aerotime helps you be intentional about the time and automates many workflows to save time. Our vision is to help humans live life in a flow state”, he added.
According to the startup, Aerotime uses over 20 parameters to recommend suitable time slots for meetings like preferred focus time, past meeting schedule, etc.
The startup is targeting a large market, with a study compiled by Atlassian citing $37 billion as the salary cost of unnecessary meetings for US businesses alone.
“We, at Nexus, are super excited to partner with the Aerotime team to help build an industry-leading solution allowing people to radically streamline meetings, prioritise tasks”, said, Sameer Brij Verma, Managing Director at Nexus Venture Partners.
They designed Aerotime; a software that helps streamline the team’s workflow.
It can automatically group meetings in blocks that free up time elsewhere on team members’ calendars, receive and utilize feedback on ineffective meetings, automatically snooze notifications when needed, and prioritize tasks.