IT Park Ventures invests US$150,000 in AI startup PromptLab

Tashkent, Uzbekistan (UzDaily.com) — IT Park Ventures has invested US$150,000 in the startup PromptLab at the pre-seed stage. The funds will be used to further develop the AI platform, expand product functionality, and accelerate the solution’s international scaling.

PromptLab is an AI-native procurement management platform designed to optimize sourcing processes. The solution brings together intake workflows, supplier interactions, and procurement procedures into a single intelligent system, enabling companies to move away from fragmented tools and manual operations. This approach speeds up decision-making, increases transparency, and reduces the operational burden on teams.

The platform integrates seamlessly with existing corporate infrastructure, including email, spreadsheets, and procurement systems, creating a unified digital procurement ecosystem without the need for deep changes to IT architecture. This allows companies to retain control over their processes while improving scalability and efficiency.

PromptLab’s technological architecture covers automated intake processes, intelligent analysis of suppliers and pricing, RFx execution, contract lifecycle management, AI-driven monitoring, and automated follow-up actions. Unlike traditional systems with limited functionality, the platform provides procurement teams with structured data and analytical tools from the very early stages of sourcing.

The investment by IT Park Ventures reflects its strategy of supporting startups that develop applied artificial intelligence solutions and contribute to the digital transformation of business.