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Computer vision SAAS startup Assert AI raises $4 Mn

EntrackrEntrackr · 1y ago
Computer vision SAAS startup Assert AI raises $4 Mn
Medial

Assert AI, a computer vision SAAS company, has raised Rs 30 crore ($4 million) in a funding round led by prominent investors including Ramesh Hariharan (ex-CTO and co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (integrated grain commerce platform), and select individuals. The company plans to utilise the funds to bolster its presence in essential markets, enhance research and development efforts, and continue pioneering new advancements in computer vision technology, Assert AI said in a press release. Assert AI has operations in India, the US and the Middle East. Assert AI empowers computers with a pair of eyes that never sleep and a program to process the visual inputs and identify and process things simulating a human vision, sans human error. It helps businesses and organizations automate processes, improve customer experiences, and gain valuable insights into their operations. The company’s has three flagship products – Pratham, Alpha and Falcon. Pratham is a no-code platform for computer vision while Alpha offers clients multiple options to consume and integrate data into their production systems. Its third product Falcon revolutionises warehouse inventory management with real-time tracking and optimisation capabilities. Led by Job Philip, the company claims to have delivered more than 50 applications to large corporates, SMEs and government enterprises.

MaxIQ raises $7.8 Mn led by Dell Technologies

EntrackrEntrackr · 4m ago
MaxIQ raises $7.8 Mn led by Dell Technologies
Medial

Revenue AI platform Gyaan AI has rebranded as MaxIQ and has raised $7.8 million in seed funding led by Dell Technologies Capital along with participation from Intel Capital. The proceeds will be utilized to scale its operations, accelerate product innovation, and expand the leadership team, MaxIQ said in a press release. Founded by Sonny Aulakh in 2022, MaxIQ is the first AI-powered customer journey management platform, designed to unify sales, customer success, and revenue operations to maximize customer lifetime value. It enables B2B SaaS enterprises to manage revenue across their entire customer lifecycle. MaxIQ weeds out the hassles of inaccurate forecasting, delayed time-to-value, and lost revenue opportunities. On average, sales and customer success teams rely on more than 14 tools in their tech stack, making it difficult to drive adoption, retain customers, and forecast revenue with confidence.

ParkMate raises $1.2 Mn led by Cactus Partners

EntrackrEntrackr · 7m ago
ParkMate raises $1.2 Mn led by Cactus Partners
Medial

Car parking solutions provider ParkMate has raised $1.2 million in a new round led by early growth-stage venture fund Cactus Partners. Existing backers such as Venture Catalysts and the Marwah Group Family Office have also participated in the round. According to ParkMate, the funds will be used to ramp up its growth trajectory, invest in its team to win business, streamline its operations, and continue to innovate new solutions. Founded by Dhananjaya Bharadwaj, ParkMate offers smart parking solutions to shopping malls, office complexes, and Hotels in the corporate segment and to parking contractors for government parking spaces. The firm’s exclusive DaSH (Drop & Shop) service claims parking within 2 minutes for car owners at shopping malls, arcades, and business complexes. It counts as DLF, Phoenix Mills, Fun Republic, the UP, and Telangana Governments. Smart cities are another sizeable market for ParkMate. It directly competes with Park+, Get My Parking, Park Smart, and Parky, among others. Park+ is the largest player in this segment. In June, the company ventured into the on-demand driver services segment with Drive+, positioning it as a potential competitor to DriveU, Drivers4Me, Driverzz, PickMyCar, Namma Driver, and Cars24. This marks the eighth investment by Cactus Partners since January 2021. The firm has invested in companies such as Lohum Cleantech, Kapture CX, Vitraya Technologies, AMPM Fashions, Auric, Indigrid Technology, and Rubix Data Sciences (exited).

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