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Darwix AI raises $1.5 Mn in seed funding round

EntrackrEntrackr · 24d ago
Darwix AI raises $1.5 Mn in seed funding round
Medial

Darwix AI raises $1.5 Mn in seed funding round Darwix AI, an omnichannel generative AI platform for enterprise sales and service conversations, has raised $1.5 million in a seed funding round from Rebalance, IPV, JITO Incubation and Innovation Foundation, Growth Sense, and Growth91, along with participation from angel investors such as Ankit Nagori, Sanjay Suri, Amit Lakhotia, and Mekin Maheshwari. The fresh capital will be used for product development and market expansion, the company said in a press release. Co-founded in 2022 by Ajay Sethi, Hanit Awal, and Kushal Das, Darwix AI has built a first-of-its-kind, deeply integrated omnichannel generative AI stack that provides conversational intelligence, assistance, and automation for enterprise sales. Its all-in-one platform is designed to give organizations complete visibility into customer interactions and enhance each customer touchpoint. According to the company, its generative AI stack powers omnichannel interactions for large enterprises in banking, financial services, insurance, and retail sectors, with a presence across leading players in the United States, India, and the Middle East. Built on a proprietary multi-tenant large language model infrastructure with advanced software and hardware integrations, the solution is tailored to empower these industries. “Our goal is to offer a unified generative AI stack that not only understands but also elevates every customer interaction with actionable intelligence and automation. This fundraise gives us the fuel to double down on product innovation and expand our presence in the United States,” said Ajay Sethi, Co-founder of Darwix AI. The company’s Transform Plus platform delivers real-time conversational intelligence, agent assistance, and automation across voice, chat, email, and in-person channels through its multi-tenant infrastructure.

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UptimeAI raises $14 Mn in Series A round

EntrackrEntrackr · 12m ago
UptimeAI raises $14 Mn in Series A round
Medial

Artificial intelligence startup UptimeAI has raised $14 million in its Series A funding round led by WestBridge Capital. The round also saw participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures. UptimeAI will use the proceeds to scale up its tech platform, expand product portfolio and presence in North America, Middle East and Asia. The company has bases in Bengaluru and San Francisco as well. Five-year-old UptimeAI creates AI-based solutions that help plant operators maximise efficiency and reliability. As per the company, its team has core competency in areas including power, oil and gas, chemicals, metals, and aerospace among others. UptimeAI’s four modules include – connect the dots, no code predictive alerts, inferencing engine for prescriptive actions, and continuous self-learning. It has a patented system and method for monitoring complex structures to identify the root cause of inefficiencies. In September last year, Bharat Petroleum Corporation Limited (BPCL) tied up with UptimeAI to optimize operational efficiency. Led by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI was one of the selected startups in the YourNest SOAR Program. In February 2021, UptimeAI also raised $1.5 million in seed funding from YourNest Venture Capital and angel investors. UptimeAI competes with Tiger Global-backed Infinite Uptime, which raised $18.85 million in a round in May last year. Other global competitors include Sight Machine , Prospection SparkCognition, and Augury.

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