IT Park Ventures invested $150,000 in the AI startup PromptLab

IT Park Ventures announces a $150,000 investment in the startup PromptLab as part of its Pre-Seed round. The raised funds will be directed toward further development of the PromptLab AI platform, expanding product functionality, and accelerating the scaling of the solution in international markets.

PromptLab is an AI-native procurement management platform designed for companies aiming to improve sourcing efficiency and move away from fragmented tools and manual operations. The solution integrates intake processes, supplier communication, and procurement coordination into a single intelligent system, ensuring faster decision-making, process transparency, and reduced operational burden.

The platform integrates with existing corporate tools, including email, spreadsheets, and procurement systems, creating a unified digital procurement management loop without the need for comprehensive infrastructure transformation. This approach allows companies to scale operations while maintaining full control over processes and enhancing procurement management efficiency.

The PromptLab technological architecture includes tools for automating intake processes, intelligent supplier and price analytics, conducting RFx procedures, managing the contract lifecycle, and AI monitoring with automated follow-ups. This enables procurement teams to obtain structured and actionable data at the early stages of sourcing processes, where traditional systems are often limited in functionality.

The investment aligns with IT Park Ventures' strategy of supporting startups that create practical AI-based solutions and contribute to business digital transformation. The fund consistently expands its portfolio of technology companies with high potential for global scaling and contributes to the development of the venture ecosystem in Uzbekistan and the region.