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Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel

EntrackrEntrackr · 20d ago
Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel
Medial

Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel Martech startup Fibr AI has raised $5.7 million in a seed funding round led by Accel, with participation from WillowTree Ventures and MVP Ventures. The round also saw backing from several Fortune 100 operators as angel investors. With this, Fibr AI’s total funding stands at $7.5 million, including a $1.8 million pre-seed round raised in 2024, also led by Accel. The fresh capital will be used to enhance product capabilities and expand enterprise adoption across global markets. Founded by Ankur Goyal and Pritam Roy, Fibr AI is building an agentic web experience platform that turns websites into adaptive systems designed to respond to visitor context in real time. The platform focuses on optimising on-site experiences for both human users and AI-driven traffic. Fibr AI embeds autonomous agents into individual URLs, enabling continuous optimisation and personalisation without relying on traditional A/B testing or manual workflows. The company says this allows websites to adjust experiences dynamically based on audience, channel, and intent signals. The startup claims its enterprise customers have reported reductions in customer acquisition costs and improvements in engagement metrics. Fibr AI currently works with large enterprises across banking, financial services, telecom, and healthcare sectors.

AI apps building platform Portkey raises $15 Mn in Series A led by Elevation

EntrackrEntrackr · 5d ago
AI apps building platform Portkey raises $15 Mn in Series A led by Elevation
Medial

Artificial intelligence apps building platform Portkey has raised $15 million in a Series A round led by Elevation Capital, with participation from existing investor Lightspeed. Portkey had secured $3 million in a seed funding round led by Lightspeed in August 2023. The company will use the capital to expand its AI control plane and scale go-to-market operations. The proceeds will be used to enhance support for agent-based systems with additional controls around permissions, identity, and budget management, while improving performance for low-latency use cases. Founded by Rohit Agarwal, Portkey builds a unified control plane for production AI systems. The platform combines an AI gateway with governance, observability, reliability, and cost management features. Its system sits in the path of AI traffic and helps enterprises manage model usage, enforce policies, and track spending in real time. According to Portkey, it already processes over 500 billion LLM tokens across 125 million requests per day. The platform manages more than $500,000 in AI spend daily for over 24,000 organisations globally. Its customers include Postman and Snorkel AI. The firm has also made its core enterprise gateway available for free, aiming to lower the barrier for teams to implement governance and observability controls early in their AI deployments. In August last year, Elevation Capital launched a new $400 million fund focused on backing companies over the long term, including those preparing for IPOs. For early-stage investments, it continues to deploy capital from Fund VIII, a $670 million vehicle launched in April 2022 that typically invests $2–5 million in startups.

Exclusive: Salesforce Venture to lead $15 Mn in app builder Rocket.new

EntrackrEntrackr · 5m ago
Exclusive: Salesforce Venture to lead $15 Mn in app builder Rocket.new
Medial

url: https://entrackr.com/exclusive/exclusive-salesforce-venture-to-lead-15-mn-in-app-builder-rocketnew-10068354 Content: Mobile app builder Rocket.new (formerly Dhiwise) is set to raise Rs 131.4 crore or $15 million in its extended Series A round led by Salesforce Ventures and existing investors Accel and Together Fund. This marks the first significant funding for the four-year-old company in three years since it raised $7 million in August 2022. According to its filing with the Registrar of Companies, Rocket.new’s board approved issuing 4,81,718 Series A1 CCPS at Rs 2,728 each to raise the specified amount. Salesforce Ventures will lead the round with an investment of Rs 74.46 crore ($8.46 million), with Accel and Together Fund also partaking in the funding. The company plans to utilize the proceeds for growth, expansion, and working capital needs. Entrackr estimates that the Surat-based company’s valuation will more than double to Rs 545 crore ($62 million) from its previous valuation of Rs 256 crore in its last funding round. Post allotment, Accel will become the largest external shareholder, holding an 18.87% stake, with Salesforce Ventures at 13.68% and Together Fund at 5.62%. Co-founders Vishal Virani and Rahul Shingala will maintain a collective 36% stake in the company. Founded in 2021 by Vishal Virani and Rahul Shingala, Rocket.new is an AI-powered no-code/low-code platform enabling users to build and launch apps, websites, and tools from simple prompts or designs. The company, according to startup data intelligence platform TheKredible, raised over $9.5 million previously from investors like Accel, India Quotient, Together Fund, and Dholakia Ventures. Rocket.new reported Rs 3.5 crore in revenue for FY24, with losses increasing by 46% to Rs 11 crore, as per its standalone financials filed with the RoC.

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