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Data infrastructure startup S2.dev raises $3.85 Mn led by Accel

EntrackrEntrackr · 4h ago
Data infrastructure startup S2.dev raises $3.85 Mn led by Accel
Medial

Data infrastructure startup S2.dev has raised $3.85 million in a funding round led by Accel, with participation from Uncorrelated Ventures and others. The startup was earlier backed by Y Combinator and was selected in the Fall 2025 batch. The company has raised a total of $5.5 million to date. The fresh funds will be utilized to accelerate product development, expand its managed cloud service to more regions globally, and support early enterprise customers, S2.dev said in a press release. Co-founded in 2024 by Shikhar Bhushan, Stephen Balogh, and Dwarak Govind Parthiban, S2.dev provides a serverless datastore for real-time, streaming data, specifically designed to power collaborative, agent-based, and multiplayer applications. The platform offers durable, auto-scaling streams accessible via REST, combining object storage persistence with low-latency performance for developers. S2.dev’s core product is a serverless streaming database platform that allows developers to manage stateful data and real-time, fast-moving data publishing without managing infrastructure. The startup features unlimited streams that create on-demand streams for modeling domain data, which can be appended to, pulled from, and fenced. According to S2.dev, its product is centered around durable streams and aims to make streams a cloud storage primitive. In artificial intelligence (AI) applications, these streams can include token output or messages passed between multiple agents. Currently, the market is dominated by tools like Apache Kafka and cloud services such as Amazon Kinesis that companies use to handle real-time data, including clicks, payments, tracking events, and app notifications.

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SaaS startup Simplismart raises $7 Mn in Series A funding

EntrackrEntrackr · 1y ago
SaaS startup Simplismart raises $7 Mn in Series A funding
Medial

Bengaluru-based SaaS startup Simplismart has secured $7 million in a Series A funding round led by Accel, with participation from Shastra VC, Titan Capital, and others. Entrackr exclusively reported about the funding in July this year. As per sources, the company will be valued at around $35 million. The proceeds will be used to expand research and development (R&D) initiatives and accelerate growth, Simplismart said in a press release. Co-founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart offers an AI-based no-code machine learning platform that allows users to train custom machine learning models using their data, powering applications and decisions without writing code. Simplismart aims to simplify AI adoption for enterprises by providing a high-performance, cost-effective platform that addresses common challenges in enterprise AI deployment, such as performance trade-offs and the complexities of standardized workflows. The startup seeks to eliminate issues related to high costs, poor ROI, data privacy, and the need for customization to avoid downtime. In July 2023, AWS and Accel launched the AWS ML Elevate program which selected 35 generative startups from India and Simplismart was a part of the cohort.

Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures

EntrackrEntrackr · 2m ago
Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures
Medial

AI-led tax management infrastructure startup Prosperr.io has raised $4 million in a seed funding round led by Jungle Ventures. The round also saw participation from Yatra Angel Network, Sadev Ventures, and other investors. The Bengaluru-based company has now raised a total of $5.55 million since its incorporation in 2022. Earlier in August last year, Prosperr had raised $1.55 million in its pre-seed round led by Gokul Rajaram, a board member at Pinterest and Coinbase. The proceeds will be used to accelerate product development, strengthen AI capabilities, and scale its B2B sales operations. The company is also exploring expansion into adjacent areas such as wealth management. Founded by Manas Gond and Dev Kumar, Prosperr.io is building software infrastructure to manage tax planning, compliance, and employee reimbursements for both individuals and enterprises. The platform uses automation and AI to handle deductions, filings, and compliance workflows across salaried users and businesses. For enterprises, Prosperr.io offers tools that automate employee tax benefits, reimbursements, and compliance, reducing manual processing and regulatory risk. On the consumer side, the company operates a subscription-led model that provides ongoing tax planning and advisory, adjusting to changes in income and financial goals. The brand has also expanded its enterprise offering with an AI-powered reimbursement product aimed at simplifying corporate tax operations. Prosperr.io claims strong traction across both segments, with high retention among enterprise clients.

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.

e6data raises $10 Mn in Series A round led by Accel

EntrackrEntrackr · 1y ago
e6data raises $10 Mn in Series A round led by Accel
Medial

Data intelligence platform e6data has raised $10 million in its Series A round led by Accel with participation from Beenext. The proceeds will be used in research and development (R&D) efforts to help its customers with better offerings, onboard more clients, and scale its hiring on the front. Founded in 2021 by Vishnu Vasanth, e6data claims to have developed a compute engine for data intelligence platforms to enhance ROI on existing infrastructures while eliminating ecosystem lock-in. It requires no data movement, application migration, or downtime, making adoption seamless. e6data is expanding its design partner program, offering its solution as a managed service with full production support and professional services for enterprise customers’ most demanding use cases. The California-and Bengaluru-based startup uses deep experience from over 100 large-scale data platforms with a team of experts from Microsoft, ThoughtWorks, IBM, Cisco, and SAP.

Knight Fintech raises $23.6 Mn in Series A round led by Accel

EntrackrEntrackr · 1m ago
Knight Fintech raises $23.6 Mn in Series A round led by Accel
Medial

Knight Fintech raises $23.6 Mn in Series A round led by Accel Mumbai-based banking infrastructure startup Knight Fintech has raised $23.6 million in a funding round led by Accel, with participation from IIFL and Rocket Capital. Existing investors Prime Venture Partners, 3One4 Capital, Commerce VC, and Trifecta Capital also took part in the round. Knight Fintech’s total funding now stands at $30 million. The proceeds will be used to strengthen product capabilities and support international expansion, targeting markets across Asia Pacific and the Gulf region. Founded in 2019, Knight Fintech builds core infrastructure that connects banks, lenders, platforms, and borrowers to enable capital flow across the financial ecosystem. The firm operates products spanning co-lending, digital lending, embedded finance, and treasury management. Its co-lending stack allows banks and large NBFCs to partner with other institutions to originate and distribute loans. It works with financial institutions such as Bank of Baroda, Bank of India, ICICI Securities, IIFL Finance, Bajaj Auto, Muthoot Fincorp, and NABARD. Knight Fintech currently supports over 150 partnerships across 85 lenders. According to the company, its platform has facilitated more than $7 billion in loan disbursements and manages over $5 billion in active assets. Its treasury management software handles liquidity, risk, borrowings, and investments, with assets worth over $125 billion managed through the system. Over the next four years, Knight Fintech aims to scale annual revenues to $85–100 million and expand assets under management beyond $50 billion.

Fuze raises $12.2 Mn in Series A round led by Galaxy and e& Capital

EntrackrEntrackr · 10m ago
Fuze raises $12.2 Mn in Series A round led by Galaxy and e& Capital
Medial

Fuze Raises $12.2 Mn in Series A Round Led by Galaxy and e& Capital Digital assets infrastructure startup Fuze has raised $12.2 million in a Series A funding round led by Galaxy and e& Capital. Galaxy is a global digital assets and data infrastructure company, and e& is a UAE-based telecom operator. Earlier in September 2023, Fuze had raised $14 million in its seed funding round led by Further Ventures, with participation from Liberty City Ventures. This Series A funding will be used to support international expansion, product development, regulatory compliance, and team growth. Founded in 2023 by Arpit Mehta, Srijan R Shetty, and Mo Ali Yusuf, Fuze offers digital assets-as-a-service infrastructure. The firm enables financial institutions and businesses to provide regulated digital asset services. Fuze also offers stablecoin infrastructure and has expanded into payments. The startup is currently active in MENA and Turkey, where it has processed over $2 billion in digital assets volume. It plans to enter the Indian market and is engaging with local regulators to address the country’s crypto regulatory environment. Its offering allows banks and fintechs to integrate digital asset products in a B2B2C model. The founding team brings experience from firms including Goldman Sachs, VISA, Microsoft, and Checkout.com.

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