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Nurix AI targets $10 million in annual revenue in voice-first agentic AI push

Livemint

Livemint · 1m ago

Nurix AI targets $10 million in annual revenue in voice-first agentic AI push

Nurix AI, an agentic artificial intelligence startup founded by Mukesh Bansal, anticipates reaching $10 million in annual recurring revenue by the first half of next year. Supported by $25 million in early-stage funding, the company focuses on voice-first enterprise agents and deep domain expertise to differentiate itself in the competitive AI market. Recently, Nurix AI has nearly doubled its revenue over the last three quarters, marking October as its debut revenue quarter.

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ZEVO eyes first mile and mid mile delivery after conquering last mile EV logistics

YourStory

YourStory · 6m ago

ZEVO eyes first mile and mid mile delivery after conquering last mile EV logistics

ZEVO, an electric vehicle (EV) fleet service, launched in 2022 with four vehicles, now boasts Rs 60 crore in annual recurring revenue and targets Rs 300 crore by next year. Initially self-funded, ZEVO attracted interest from global partners, easing financing challenges. The company focuses on refrigerated EV services and expanding into first-mile deliveries. With a current fleet of 2000 vehicles across 20+ cities, ZEVO plans to expand to 10 more cities and raise $20 million in funding.

OpenAI launches voice assistant inspired by Hollywood vision of AI

Livemint

Livemint · 1y ago

OpenAI launches voice assistant inspired by Hollywood vision of AI

OpenAI has introduced a more affordable version of its artificial intelligence system, GPT-4o, featuring a new voice assistant. The model can process images, videos, and texts, and can interact with users in real-time. Unlike existing voice assistants, it allows interruptions and has near-instantaneous responses. OpenAI showcased its capabilities in code analysis, language translation, and algebra problem solving during a live demo. The launch of GPT-4o indicates OpenAI's push to attract more users and generate revenue through AI technology. The announcement precedes Google's annual developer conference, where the company is expected to unveil similar products.

Gnani.ai raises $4 Mn in Series A round from Info Edge Ventures

Entrackr

Entrackr · 1y ago

Gnani.ai raises $4 Mn in Series A round from Info Edge Ventures

Gnani.ai, a voice-first generative AI firm, has raised Rs 30 crore or about $4 million in its Series A round from Info Edge Ventures. The proceeds will be used for sales growth and expansion of Gnani.ai’s business across geographies, Gnani said in a press release. The firm counts Samsung Ventures as an investor. Founded in 2016 by Ganesh Gopalan and Ananth Nagaraj, Gnani.ai’s unique generative AI platform transforms customer experience for multiple customers across the globe. The startup offers a no-code voice first platform with multiple product capabilities – omnichannel conversational automation, agent assist, voice biometrics, and omnichannel analytics. It has a patented proprietary tech-stack for TTS, STT, NLP and augmented intelligence that works not just for English but also for 14 Indian languages. Gnani recently announced a series of Voice-first AI SLM models (Small Language Models). The initial rollout of Gnani.ai’s SLMs targets domains such as banking, insurance, automotive, and retail.

Sarvam AI to launch voice-to-voice endpoint tool in the next six to twelve months

Economic Times

Economic Times · 1y ago

Sarvam AI to launch voice-to-voice endpoint tool in the next six to twelve months

Sarvam AI, an AI startup backed by Lightspeed, is working on launching its first commercial "voice-to-voice endpoint" within the next year. The company aims to provide voice-based AI models in at least 10 Indian languages to enhance accessibility for users. Sarvam AI has already released an open-source Hindi language model called OpenHathi, which has shown improved performance compared to other models like GPT-4 and GPT-3. Availability of data and quality were identified as major challenges in developing AI models for Indic languages. The company raised $41 million in Series A funding in December 2023.

Myntra co-founder Mukesh Bansal gets VC funding for new startup Nurix AI

VCCircle

VCCircle · 10m ago

Myntra co-founder Mukesh Bansal gets VC funding for new startup Nurix AI

Mukesh Bansal, co-founder of Myntra and Cult.fit, has secured $27.5 million in funding for his new startup, Nurix AI. The funding round was led by venture capital firms Accel and General Catalyst, with participation from Bansal's early-stage incubator Meraki Labs. Nurix AI provides artificial intelligence-enabled customer engagement solutions to companies, focusing initially on the BPO industry. The funds will be used to expand the company's technology base, scale its operations, and further develop its research and development capabilities.

Gnani.ai Secures $4 Million in Series A Funding to Fuel Growth and Expansion

OutlookIndia

OutlookIndia · 7m ago

Gnani.ai Secures $4 Million in Series A Funding to Fuel Growth and Expansion

Voice-first generative AI company Gnani.ai has raised $4 million in a Series A round led by InfoEdge Ventures. The funds raised will be utilized to expand the company's sales growth and business across different regions. Gnani.ai has already gained over 100 enterprise customers in India and the US with their AI-powered voice automation platform. The company offers a voice-first, no-code platform with features like voice biometrics, omnichannel analytics, and conversational automation. Despite a decline in funding by 91% to $8.2 million in the April-June quarter, AI startups in India continue to integrate local language models into their AI solutions.

Freshworks Q4 results: revenue up 20% to $160 million, loss narrows

Economic Times

Economic Times · 1y ago

Freshworks Q4 results: revenue up 20% to $160 million, loss narrows

Software provider Freshworks reported a fourth-quarter revenue of $160 million, a 20% increase compared to the previous year. The company achieved its first operating profit of $44.5 million in 2023, excluding certain expenses. Freshworks expects to close the first quarter of 2024 with revenues of $162.5-$164.5 million and anticipates annual revenue between $703.5 million and $711.5 million for the year. The company's CEO attributed their success to leveraging generative AI and refining their go-to-market strategy.

How 2 UC Berkeley dropouts raised $28M for their AI marketing automation startup | TechCrunch

TechCrunch · 5d ago

How 2 UC Berkeley dropouts raised $28M for their AI marketing automation startup | TechCrunch

Conversion, an AI-powered marketing automation startup, was founded by two UC Berkeley dropouts, Neil Tewari and James Jiao. Initially, they created tools for personal use on top of HubSpot's marketing platform. After positive responses from numerous marketing executives, they launched Conversion, embedding AI to automate tasks like organizing leads and follow-ups. They raised $28 million in funding and have seen significant growth, approaching $10 million in annual recurring revenue while challenging established tools.

IIFL Fintech Fund collects $23 mn in second outing

VCCircle

VCCircle · 6m ago

IIFL Fintech Fund collects $23 mn in second outing

IIFL Fintech Fund, part of India's IIFL Group, has closed its second fintech fund at Rs 200 crore ($23 million), matching its first fund. Unlike the first fund, which had backing from IIFL companies, the new fund attracted wealthy individual investors and family offices. The fund targets investments in burgeoning fintech sectors, including AI. Over three years, IIFL Fintech has invested in 14 fintech firms, achieving notable revenue growth and a profitable exit from TrustCheckr.

ChatGPT now lets you schedule reminders and recurring tasks | TechCrunch

TechCrunch · 6m ago

ChatGPT now lets you schedule reminders and recurring tasks | TechCrunch

OpenAI's ChatGPT has introduced a new "tasks" feature, allowing paying users to schedule reminders and set recurring requests. This beta rollout, initially available to Plus, Team, and Pro users, lets ChatGPT send push notifications and fulfill requests like weekend plans or daily news briefings. While tasks is a limited agentic system, it signals OpenAI's move towards more independent AI agents, enabling AI assistants to perform practical tasks like setting timers and reminders across platforms.

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