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FireAI raises early-stage funding from IPV, VCats, and SucSEED Indovation

EntrackrEntrackr · 12d ago
FireAI raises early-stage funding from IPV, VCats, and SucSEED Indovation
Medial

FireAI raises early-stage funding from IPV, VCats, and SucSEED Indovation AI analytics platform FireAI has closed investments for its first two rounds—pre-seed and seed. The startup has also launched a mobile decision intelligence app. The company raised a total of Rs 6.2 crore (about $800K) from several venture capital firms, including Inflection Point Ventures, Venture Catalyst, and SucSEED Indovation Fund. Notably, SucSEED Indovation Fund invested Rs 1 crore as part of the round. The proceeds will be used to enhance mobile decision intelligence capabilities, scale infrastructure and data security, accelerate enterprise adoption, and expand international footprints, FireAI said in a press release. Launched in 2024 by Vipul Prakash, FireAI aims to empower businesses through data by providing actionable insights for decision-making. The company’s proprietary FireAI LLM Stack and agentic AI ecosystem help businesses ask questions in natural language and receive answers in real time. The platform enables businesses to self-serve while supporting them with an Analyst-as-a-Service offering for deeper strategy. According to the Mumbai-based startup, it has launched a mobile decision intelligence application—a category-defining innovation designed to deliver instant, decision-ready insights. The app is available for download on Android devices via the Google Play Store and will be released on iOS shortly. International versions of the app are also in development. FireAI said users will be able to ask questions about their business information in any language, receive immediate AI-powered feedback, and view key KPIs on their mobile devices. The company projects revenues of Rs 9–12 crore from Indian customers and Rs 15–20 crore from international markets over the next two to three years. FireAI claims its app can reduce decision turnaround time for CXOs by up to 80–90% by delivering business insights directly to smartphones and increasing leadership engagement with real-time data.

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Sportstech platform str8bat raises $3.5 Mn in Series A

EntrackrEntrackr · 1y ago
Sportstech platform str8bat raises $3.5 Mn in Series A
Medial

Sportstech platform str8bat has raised $3.5 million (about Rs 29.4 crore) in a Series A funding round led by Exfinity Venture Partners, with participation from TRTL, Eternal Capital, and VCats Group, along with existing investors Techstars and SucSEED Indovation Fund. The Bengaluru-based company had previously raised $517K from its existing investors and others. The proceeds will be used to boost training and performance tracking for athletes, particularly cricketers, str8bat said in a press release. Co-founded in 2017 by Gagan Daga, Rahul Nagar, and Madhusudan R, str8bat develops sensor-based wearables for cricket. Its product analyzes the stance of the batsman, the type of shot, and movements using an AI engine. The platform also claims to enable users to connect with top-notch coaches globally. str8bat has served clients like Rajasthan Royals, Cricket Australia, and SG Cricket, and it has partnered with SG Cricket to introduce the “world’s first smart willow.” This cricket bat, equipped with an IoT device, delivers advanced shot tracking without the need for cameras, enabling players at all levels to access actionable insights and performance recommendations. str8bat reports that it has recorded over a couple of million shots, with around 400 elite-level players currently using its platform. It aspires to have over a million players within five years. Other sportstech platforms in India include Rooter, SportJacks, Worldstage, Sportvot, Joybox Active, KheloMore, and others.

FireAI raises Rs 4 Cr in seed round led by IPV

EntrackrEntrackr · 3m ago
FireAI raises Rs 4 Cr in seed round led by IPV
Medial

AI-powered business intelligence startup FireAI has raised Rs 4 crore ($480,000) in a seed funding round led by Inflection Point Ventures (IPV). The funds will be used for product development, including innovations such as its Causal Chain diagnostic analytics platform, Text-to-SQL functionality, and a proprietary ETL tool. It also plans to expand its team and enter new markets. Founded by Vipul Prakash, FireAI uses its proprietary AI engine to deliver descriptive and diagnostic analytics for enterprises. The company’s platform integrates with over 700 data sources, supporting clients such as Government e-Marketplace (GeM). It currently has a 30-member team. FireAI builds conversational, real-time business intelligence tools that allow users to interact with data directly instead of using complex dashboards. The firm has expanded operations to Dubai, Abu Dhabi, Africa, and Kenya as a certified OEM partner, working with Alchemist LLP as its channel partner in these markets. The startup focuses on making data accessible and actionable for all business users. It claims to improve forecasting accuracy by 30% and provide real-time alerts that enhance decision-making efficiency. According to market estimates, the global AI and data analytics market is expected to grow from $74 billion in 2024 to $482 billion by 2033, while India’s market will expand from $2.6 billion to $27 billion during the same period.

Game development studio GameEon raises $1 Mn

EntrackrEntrackr · 1y ago
Game development studio GameEon raises $1 Mn
Medial

Game development studio GameEon has secured $1 million in its latest funding round co-led by SucSEED Indovation Fund, ICE VC, IAN, CD EQUIFINANCE, Nexus Global Opportunities Fund, Vivek Goel, Patni Family, and Tal64 GameEon had earlier raised $500K for product prototyping and market testing, conducting trials in 12 countries and gathering insights from over 5,000 gamers globally. The fresh funds will be used to accelerate the creation of AA and AAA games for PC and console and launch the early chapters of Mumbai Gullies, GameEon said in a press release. Co-founded in 2013 by Nikhil Malankar and Kaustubh Jadhav, GameEon specializes in creating PC, console, and mobile games and provides immersive storytelling and culturally rich experiences. According to the Mumbai-based company, it has developed games like Kites Mumbai and Box cricket. The company is also developing Special Ops – a 3D shooting game in HD with high-level graphics. The platform is also working on the game Mumbai Gullies inspired by GTA Vice City which will combine game development with deeply rooted cultural storytelling. The market research says that the global gaming industry continues to grow rapidly and is expected to hit $300 billion by 2026.

Proptech startup Spintly raises Rs 3.5 Cr in extended seed round

EntrackrEntrackr · 1y ago
Proptech startup Spintly raises Rs 3.5 Cr in extended seed round
Medial

Proptech startup Spintly has raised Rs 3.5 crore in an extended seed funding round led by Spyre VC, along with participation from Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology. The company had previously raised $5.36 million from Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest. The proceeds will be utilized to accelerate its market reach, increase its presence in different countries, strengthen senior management functions, and expand the scope of its smart building solutions by leveraging AI and machine learning, Spintly said in a press release. Co-founded in 2017 by Rohin Parkar and Malcolm Dsouza, Spintly leverages cutting-edge technologies to empower the way buildings operate by providing wireless, cloud-based access control solutions and smart building systems. With a focus on simplicity, scalability, and innovation, it eliminates the need for legacy systems by leveraging IoT, Edge AI, and smartphone-based technology to create seamless and efficient user experiences.

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