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Generative AI startup Ayna secures $1.5 Mn in seed round

EntrackrEntrackr · 1y ago
Generative AI startup Ayna secures $1.5 Mn in seed round
Medial

Bengauru-based generative AI startup Ayna has raised $1.5 million in seed funding led by early stage investment platform Inflexor Ventures. The funding will be used to expand Ayna’s AI capabilities, scale its team, and accelerate its mission to make high-quality product photography accessible to businesses of all sizes, the company said in a press release. Co-founded by Aastha Rajpal and Yash Bansal, Ayna empowers brands like Reliance Retail’s Clovia, Wakefit, WomanLikeU, and others to create studio-quality product photoshoots at scale, without the need for physical photoshoots. Unlike traditional methods or basic AI solutions, Ayna’s proprietary compound foundational models (CFMs) give brands granular control over every detail of their product image. According to Ayna, its generative AI eliminates costly overhead, lengthy turnaround times, and creative limitations, allowing brands to optimize product visuals for maximum conversion. In the past six months, Generative AI startups have managed to mope up nearly $100 million. The list includes Sarvam AI, Ema, Neysa, Vodex, and KonProz, among others.

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Axilor bets on healthtech platform Alvye; four others raise early-stage funds

VCCircleVCCircle · 1y ago
Axilor bets on healthtech platform Alvye; four others raise early-stage funds
Medial

Indian healthtech startup Alyve Health has raised $5.5 million in a Series A funding round led by Axilor Ventures. The funds will be used for platform development, talent acquisition, and expansion of operations. Alyve Health offers health plans that cover a range of healthcare services, including doctor consultations, diagnostics, medicine purchases, dental procedures, gym memberships, and well-being. In addition to Alyve Health, generative AI startup Ayna raised $1.5 million in seed funding, consumer brand Rockit secured $719,299 in pre-seed funding, drinking water brand Wahter raised $599,359 in pre-seed funding, and proptech startup Landeed raised an undisclosed amount in a strategic funding round. Fintech startup LEO1 also announced an undisclosed funding amount from Indian cricketer Rohit Sharma.

Exclusive: Gen AI startup Simplismart to raise $7 Mn led by Accel

EntrackrEntrackr · 12m ago
Exclusive: Gen AI startup Simplismart to raise $7 Mn led by Accel
Medial

Generative artificial intelligence startup Simplismart is all set to raise a new round led by Accel, two sources aware of the matter told Entrackr. The Bengaluru-based startup will join a growing list of generative AI startups which have raised decent funding in the ongoing calendar year. “Accel is leading $7 million round in Simplismart with backing from existing investors,” said a source requesting anonymity. “Simplismart has received the term sheets and the deal is set to be public soon.” Simplismart previously raised seed money from Anicut Capital, Sunn91, First Cheque and Shastra VC but it didn’t announce the deal in the media. Founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart enables businesses to build a scalable production-grade AI system and manage the development lifecycle without writing a single line of code. As per the company, its platform lets an amateur as well as an expert train and monitor ML models collaboratively on almost any kind of data or use-case. Sources assert that the company will be valued at around $35 million. Accel declined to comment on the story while queries sent to Simplismart did not elicit any response. 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. A recent study by NASSCOM said that the number of generative AI startups in India has more than doubled from 2021 to 2023. This can also be evident from the surge in funding in such startups since December 2023. As per data compiled by startup data intelligence platform TheKredible, more than half a dozen early-stage generative AI startups have raised nearly $100 million in funding in the past six months, Sarvam AI leads the pack with $41 million in Series A followed by Ema and Neysa which raised $25 million and $20 million in their seed round respectively. The list also includes Vodex, KonProz, Dubpro.ai, PlanckDOT and Ayna.

Darwix AI raises $1.5 Mn in seed funding round

EntrackrEntrackr · 22d 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.

Rabbitt AI raises $2.1 Mn in seed round

EntrackrEntrackr · 11m ago
Rabbitt AI raises $2.1 Mn in seed round
Medial

Rabbitt AI, a generative AI solutions firm, has raised $2.1 million in its seed round led by TechCurators and various angel investors. Rabbitt AI provides tools for businesses to build and deploy AI applications, including custom LLM development, RAG fine-tuning, and data-centric AI. Its platform offers a robust suite of tools, including core generative AI capabilities, custom LLM development, RAG fine-tuning, data-centric AI, MLOps integration, and voice bot AI agents. By combining these features, Rabbitt AI enables businesses to create powerful AI solutions tailored to their specific needs. TechCurators is the flagship company of the TC Group of companies, a global leader in education, e-learning, assessment, HR tech, cybersecurity, cloud development, and generative AI.

Gen AI startup Neysa raises $20 Mn from Matrix, Nexus and NTTVC

EntrackrEntrackr · 1y ago
Gen AI startup Neysa raises $20 Mn from Matrix, Nexus and NTTVC
Medial

Neysa, an AI cloud and platform-as-a-service startup, has secured $20 million in seed funding led by Matrix Partners India, Nexus Venture Partners, and NTTVC. The funding will help drive the Generative-AI-cloud platform as a service and observability for India and global markets, the company said in a press release. Co-founded by Sharad Sanghi and Anindya Das (CTO), Neysa aims to help its clients discover, plan, deploy, and manage their Generative AI projects cost effectively and secure their AI landscapes in the cloud and at the edge in a consumption-based model. Neysa says its integrated approach and industry vertical solutions will help accelerate Generative AI adoption in enterprises across India and globally. The Mumbai-based company is planning to roll out its services in Q3 2024. “Our goal is to leverage this funding to push the limits of innovation, assisting our clients with the power of our end-to-end Generative AI PaaS ecosystem and our AI-engineered Observability Platform, in a way that provides demonstrable and tangible outcomes for their business,” said Neysa founder and CEO Sanghi. CTO Das added that the firm is building a future where AI integration is seamless, intuitive, and fundamentally changes the way we interact with technology. Following the popularity of ChatGPT and several other generative AI platforms, VCs are now shifting their focus to this new space. This is also evident from the steady growth in VC fundings, especially in the early stage firms, over the past few months. In December 2023, Sarvam AI raised $41 million in a Series A round led by Lightspeed while Ema scooped up $25 million which is the second largest funding for an early-stage startup operating in this space. Another company operating in this segment, Vodex raised $2 million in its seed round from Unicorn India Ventures and Pentathlon Ventures. Earlier this year, Bhavish Aggarwal’s artificial intelligence startup Krutrim SI Designs scooped up $50 million to achieve the unicorn tag, and also became the fastest one to do so. Entrackr was first to report about the funding round in August last year.

Gen AI SaaS startup Vodex raises $2 Mn in seed round

EntrackrEntrackr · 1y ago
Gen AI SaaS startup Vodex raises $2 Mn in seed round
Medial

Generation artifical intelligence (AI) startup Vodex has raised $2 million in its seed round from Unicorn India Ventures and Pentathlon Ventures. The funds raised will be used for global expansion and to scale their business to at least four-folds in the next one year, the company said in a press release. Co-founded by Anshul Shrivastava and Kumar Saurav, Vodex uses its Generative AI solution to craft voice conversations that closely mimic human interaction, enhancing outbound sales calls with a more personal and engaging experience. Vodex offers businesses a tool to expand their reach, qualify leads, and close deals with speed and scale, all while delivering a natural and engaging customer experience. Since 2022, Vodex claims to have empowered businesses worldwide, with calling needs in the USA and Canada regions. In the Gen AI space, Ema scooped up $25 million which is the second largest funding for an early-stage startup operating in this space. In December 2023, generative AI startup Sarvam AI raised $41 million in a Series A round led by Lightspeed along with participation of Peak XV Partners and Khosla Ventures.

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