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Atomicwork closes Seed round at $14 Mn

EntrackrEntrackr · 1y ago
Atomicwork closes Seed round at $14 Mn
Medial

B2B SaaS startup Atomicwork has raised an additional $3 million in its seed round from Abhinav Dhar, ex-CIO of TransUnion, Prasad Ramakrishnan, CIO and technology leader, Avanish Sahai, former ecosystem leader at Salesforce, ServiceNow, and Google Cloud and Rich Waldron, CEO of Tray. The firm’s existing investors like Storm Ventures, Z47 (formerly Matrix Partners), Blume Ventures, and Neon Fund also participated in the round. This is the second tranche of its seed round. In September last year, Atomicwork had raised $11 million led by Blume Ventures and Matrix Partners India. With this, the total funding for the startup stands at $14 million. The proceeds will be used for enterprise AI agent technology, fuel the firm’s GTM team expansion in the United States over the next three years, the company said in a press release. Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork provides software that automates workflows under the information and technology (IT), human resources (HR), finance, and other business functions. It helps companies instantly help their employees by collecting tribal knowledge from across the organization – stored in docs, wikis, information systems, email threads, and chat conversations. Previously, Rayapati had founded Minjar which raised $2 million before getting acquired by US-based publicly-listed cloud infrastructure company Nutanix for about $50 million. Blume also invested in Minjar’s initial funding round. Darisi and Vijayasankar were part of the founding team of SaaS unicorn Freshworks.

Deepfake detection startup Neural Defend secures pre-seed funding

EntrackrEntrackr · 11m ago
Deepfake detection startup Neural Defend secures pre-seed funding
Medial

Deepfake detection startup Neural Defend secures pre-seed funding Cybersecurity startup Neural Defend has raised over $600K in a pre-seed funding round led by Inflection Point Ventures (IPV) along with participation from MIT SBXI, Techstars, and Soonicorn Ventures. The capital will be used to enhance its agentic AI capabilities for real-time, multimodal deepfake detection, further advancing R&D efforts and product development, Neural Defend said in a press release. Co-founded in 2024 by Piyush Verma, Sivashankar Selvarajan, and Sumit Singh, Neural Defend focuses on deepfake detection and cybersecurity innovation, leveraging AI agentic technology to offer scalable and resilient solutions. Neural Defend aims to address the growing risks posed by AI-generated digital deception. The startup intends to redefine identity protection and fraud prevention on a global scale. It is scaling its operations by engaging with global enterprises, fintech companies, and financial institutions for product validation and market expansion. According to Neural Defend, unlike traditional methods, its proprietary AI models detect deepfakes across multiple data formats, including video/image, audio, real-time streams, ensuring robust fraud prevention for businesses and governments. Neural Defend claims to work with fintech companies and financial institutions focusing on Video verification and KYC use cases.

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