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UnifyApps raises $20 Mn in Series A, appoints new co-founder

EntrackrEntrackr · 8m ago
UnifyApps raises $20 Mn in Series A, appoints new co-founder
Medial

Unified enterprise AI agent platform UnifyApps has raised $20 million in its Series A funding round, led by ICONIQ Growth, with participation from existing investors, including Elevation Capital. This latest round brings the company’s total funding to $31 million. In May, the firm raised $11 million in a seed round led by Elevation Capital. Over the past year, UnifyApps has developed a robust platform to connect and automate enterprise systems. Designed for scalability, UnifyApps integrates deeply with all the SaaS applications within an organization, allowing teams to manage all their data in one place, automate workflows, and create advanced applications using a no-code approach. UnifyApps now enables teams to build custom AI agents trained on their enterprise’s knowledge base, benefiting departments across the organization—from IT to HR to Sales. The platform offers tools for observability, compliance, and fine-tuning, ensuring that AI agents meet standards for accuracy, security, and auditability. Co-founded by Pavitar Singh, Sumeet Nandal, Abhishek Kurana, Rachit Mittal, Abhinav Singi, Rahul Anishetty, Kavish Manubolu, and Shivam Satrawal, UnifyApps has appointed Haitham ElKhatib as the company’s new Chief Revenue Officer and co-founder. Before joining UnifyApps, ElKhatib served as the Senior Vice President of Sales for Growth Markets at Sprinklr. According to the company, it has gained significant traction with early customers, including one of the leading banks, a leading telecommunications provider, and a leading security company, amongst many others. The company has also expanded its team to over 150 employees and established new offices in Gurugram, Dubai and New York.

Comet raises $5 Mn in Series A round

EntrackrEntrackr · 1y ago
Comet raises $5 Mn in Series A round
Medial

D2C sneaker brand Comet has raised Rs 42.3 crore (approximately $5 million) in its Series A round led by Elevation Capital. This is the first round of investments for the Bengaluru-based company in 2024. The board at Comet has passed a special resolution to issue 10 equity and 50,076 Series A CCPS at an issue price of Rs 8,445 each to raise Rs 42.3 crore or $5 million, its regulatory filing accessed from the Registrar of Companies shows. Elevation Capital led the round with Rs 33.36 crore while existing investors Nexus Ventures and AngelList India participated with Rs 8.34 crore and Rs 60 lakhs respectively. The company will use these proceeds for capital expenditures, marketing, and general corporate purposes as per the business plan, the filing added. According to the startup data intelligence platform TheKredibe, Comet has been valued at around Rs 167 crore or $20 million post-allotment. The startup raised its seed capital in February last year. Following the fresh proceeds, Elevation Capital and Nexus Ventures will hold 20% each while AngelList India will command 2.22% of the capital in the company. Founded in July 2023, Comet is a homegrown, lifestyle sneaker brand for both men and women which sells its products through its website. Its current portfolio includes CometX, Aeon, and Slides. According to Comet, its TAM (total addressable market) is expected to be $22 billion while the company’s serviceable addressable market (SAM) is expected to be $1.5 billion by FY 2030. Comet competes with Wrong, HRX, Redtape, The Roadster, Campus, Sparx and other multinational footwear brands like Nike and Adidas.

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